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For the first quarter, the Swedish IT and medical-technology company Sectra reported an increase in net sales of 16.1 per cent to SEK 174.0 million.

For the first quarter, the Swedish IT and medical-technology company Sectra reported an increase in net sales of 16.1 per cent to SEK 174.0 million (149.9). Profit after financial items increased 77.1 per cent to SEK 6.2 million (3.5), corresponding to a profit margin of 3.6 per cent (2.3). The Group’s order bookings amounted to SEK 175.2 million (206.4).

Net sales for both medical systems and the secure communications systems business areas increased compared with the year-earlier period.

"Our transition to mainly selling medical IT systems on our own has been successful and direct sales continue to increase," says Jan-Olof Brüer, CEO and President of Sectra AB.

The expansion of the sales and support organizations for medical systems and increased production capacity for the mammography system Sectra MicroDose Mammography are the company's two largest and most costly investments.

"We are currently in an expansion phase and increased our workforce substantially during the quarter. Costs for the expansion of our international organization and the investment in production capacity for mammography modalities will influence our profit margin until our distribution channels for mammography products are completely built out," says Jan-Olof Brüer.

Growth in the markets for Sectra's products is favorable and the Board's assessment is that in the long-term, Sectra will continue to expand with favorable profitability.