Sectra reported revenue growth for the fourth quarter and the entirety of the company's 2021-2022 fiscal year, which it said also featured its "highest sales" to date.
The company reported its recurring revenue accounted for 280.8 million Swedish krona ($28.8 million) of sales, up 11.3%. Based on unadjusted exchange rates, the increase was 6.3%. The company's recurring revenue for the year accounted for 1,081.4 million Swedish krona ($110.7 million) of sales, up 11.7%. Based on unadjusted exchange rates, the increase was 9.6%.
The company's net sales for the year also rose 19.4% to 1,949.1 million Swedish krona ($199.67 million). Based on unadjusted exchange rates, the increase was 16.9%. For the quarter, net sales increased 23.3% to 649 million Swedish krona ($66.5 million). Based on unadjusted exchange rates, the increase was 17.6%.
