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For its first-quarter operations from May-July 2010, IT and medical technology company Sectra reported an increase in order bookings of 35.4% to SEK 206.0 million (152.2). Net sales rose 4.5% to SEK 206.7 million (197.8). Operating profit totaled SEK 0.2 million (10.1), corresponding to an operating margin of 0.1% (5.1).

Sectra experienced increased demand for the company’s mammography products. The number of Sectra MicroDose Mammography system deliveries more than doubled to 21 (10) and contributed to the quarter’s sales growth.

“During the quarter, we experienced major successes in Australia with our MicroDose system and our IT system for the processing of breast images. The latest orders make Sectra the largest company for breast imaging systems in the country,” says Jan-Olof Brüer, President and CEO of Sectra AB.

Sectra is fully under way with upgrading existing customers’ installations to the new generation of Sectra PACS , the company’s principal product in medical IT. The product’s excellent properties for linking geographically spread healthcare clinics was of core importance for the new orders Sectra secured during the quarter.

“We have received wide acclaim in the market for the user-efficiency enhancements to which our latest generation PACS products contribute, and during the quarter, we were entrusted with coordinating medical imaging operations in several major regions in Scandinavia,” says Jan-Olof Brüer.

Sectra displays a seasonal variation whereby most invoicing and earnings are traditionally generated during the third and fourth quarters.

“During the quarter, operating profit was charged with increased operating costs since operations continued to grow by 11 employees, while depreciation was charged to capitalized development projects and Group-financed customer projects that have been completed and transitioned to the operational phases,” says Jan-Olof Brüer.

After the close of the quarter, Sectra signed a framework agreement with the European Council in Brussels for the delivery of the product for secure telephony that is deployed in all EU countries. This is the result of the European Council’s procurement process, in which the Sectra Tiger XS was selected.

“As a result of the agreement with the European Council, Sectra is achieving its goal of supplying all EU countries with easy-to-use products for secure telephony. A joint solution for secure telecommunications will contribute to increased security in Europe,” concludes Jan-Olof Brüer.

Source: Sectra