Leading Medical IT Company Reports Increased Profit for FY 2015-2016

A leading company that develops and sells medical IT and secure communication products and services has reported that they have fulfilled their financial goals and increased order bookings during the fourth quarter of 2015.

The company reported that a number of their medical IT system customers are now in the operational phase, and as a result the company has begun invoicing for these systems. In addition, increased revenue from end-customers has also improved sales, cash flow, and earnings.

The Internet Technology (IT) and medical technology company Sectra (Linköping, Sweden) reported that the Sectra group had received order bookings of SEK 1,322.0 million, an 11.7% increase in net sales to SEK 1,073.6 million, and an operating profit of SEK 165.5 million, up by 10.1% in FY 2015-2016. Cash flow after changes in working capital was also up at SEK 185.9 million. The company reported that it had achieved all of their financial goals in FY 2015-2016.

President and CEO of Sectra, Torbjörn Kronander, said, “Our Group-financed managed-services agreements for medical IT systems had the greatest impact on the Group’s positive performance in terms of sales, operating profit and cash flow. Several customers with extensive agreements deployed Sectra’s systems in late 2014-2015 and early 2015-2016. This had a positive effect on the performance of the Imaging IT Solutions business area. Managed-services agreements are handled by our financing unit, which has grown more than 60% and is now the Group’s second-largest operation.”

Related Links:
Sectra