Sectra's six-month interim report 2024/2025: Order bookings at a record high
Sectra reported record-breaking order bookings in Q2 2024/2025, surpassing SEK 4 billion. The company's contracted order bookings rose 739.6% to SEK 4,223.1 million, including a major SEK 3 billion contract for Sectra One Cloud in Québec, Canada. However, Q2 net sales decreased 4.3% to SEK 753.5 million, and operating profit declined 38% to SEK 109.6 million.
The company's transformation to service sales and cloud deliveries is progressing, with cloud recurring revenue increasing 29.9% to SEK 121.3 million. The Secure Communications segment showed strong growth, and a post-quarter settlement regarding patented technology will positively impact Q3 results. Despite short-term revenue impacts from the business model transition, management remains optimistic about long-term growth in healthcare and data security markets.
Sectra ha riportato prenotazioni di ordini record nel secondo trimestre del 2024/2025, superando i 4 miliardi di corone svedesi. Le prenotazioni di ordini contrattuali dell'azienda sono aumentate del 739,6%, raggiungendo 4.223,1 milioni di corone svedesi, inclusi un importante contratto da 3 miliardi di corone svedesi per Sectra One Cloud in Québec, Canada. Tuttavia, le vendite nette del Q2 sono diminuite del 4,3%, arrivando a 753,5 milioni di corone svedesi, e l'utile operativo è sceso del 38%, a 109,6 milioni di corone svedesi.
La trasformazione dell'azienda verso le vendite di servizi e le consegne nel cloud è in corso, con i ricavi ricorrenti dal cloud che sono aumentati del 29,9%, raggiungendo 121,3 milioni di corone svedesi. Il segmento delle Comunicazioni Sicure ha mostrato una forte crescita e un accordo post-trimestrale riguardante la tecnologia brevettata avrà un impatto positivo sui risultati del Q3. Nonostante gli impatti a breve termine sulle entrate derivanti dalla transizione del modello di business, la direzione rimane ottimista riguardo alla crescita a lungo termine nei mercati della salute e della sicurezza dei dati.
Sectra reportó pedidos de órdenes récord en el segundo trimestre de 2024/2025, superando los 4 mil millones de coronas suecas. Las reservas contratadas de pedidos de la empresa aumentaron un 739.6%, alcanzando los 4,223.1 millones de coronas suecas, incluido un importante contrato de 3 mil millones de coronas suecas para Sectra One Cloud en Québec, Canadá. Sin embargo, las ventas netas del segundo trimestre disminuyeron un 4.3%, llegando a 753.5 millones de coronas suecas, y el beneficio operativo cayó un 38% hasta 109.6 millones de coronas suecas.
La transformación de la empresa hacia las ventas de servicios y las entregas en la nube está progresando, con los ingresos recurrentes en la nube aumentando un 29.9%, alcanzando los 121.3 millones de coronas suecas. El segmento de Comunicaciones Seguras mostró un fuerte crecimiento y un acuerdo posterior al trimestre sobre tecnología patentada impactará positivamente los resultados del tercer trimestre. A pesar de los impactos de ingresos a corto plazo debido a la transición del modelo de negocio, la gerencia se mantiene optimista sobre el crecimiento a largo plazo en los mercados de salud y seguridad de datos.
섹트라(Sectra)는 2024/2025 회계 연도 2분기에 40억 스웨덴 크로나를 초과하는 기록적인 주문을 보고했습니다. 회사의 계약된 주문량은 739.6% 증가하여 42억 2,310만 스웨덴 크로나에 달하며, 여기에는 캐나다 퀘벡의 Sectra One Cloud를 위한 30억 스웨덴 크로나의 주요 계약이 포함됩니다. 그러나 2분기 순매출은 4.3% 감소하여 7억 5,350만 스웨덴 크로나에 도달했으며, 운영 수익은 38% 감소하여 1억 960만 스웨덴 크로나로 떨어졌습니다.
회사의 서비스 판매 및 클라우드 제공으로의 전환이 진행되고 있으며, 클라우드 반복 수익은 29.9% 증가하여 1억 2,130만 스웨덴 크로나에 도달했습니다. 안전 통신 부문은 강력한 성장을 보였으며, 특허 기술에 대한 분기 후 합의는 3분기 결과에 긍정적인 영향을 미칠 것입니다. 비즈니스 모델 전환으로 인한 단기 수익 영향에도 불구하고, 경영진은 의료 및 데이터 보안 시장에서의 장기 성장에 대한 긍정적인 전망을 유지하고 있습니다.
Sectra a signalé des prises de commandes record au deuxième trimestre 2024/2025, dépassant les 4 milliards de couronnes suédoises. Les réservations de commandes contractuelles de l'entreprise ont augmenté de 739,6 % pour atteindre 4 223,1 millions de couronnes suédoises, y compris un contrat majeur de 3 milliards de couronnes pour Sectra One Cloud au Québec, Canada. Cependant, les ventes nettes du Q2 ont diminué de 4,3 %, atteignant 753,5 millions de couronnes suédoises, et le bénéfice opérationnel a chuté de 38 %, à 109,6 millions de couronnes suédoises.
La transformation de l'entreprise vers des ventes de services et des livraisons dans le cloud progresse, les revenus récurrents du cloud ayant augmenté de 29,9 % pour atteindre 121,3 millions de couronnes suédoises. Le segment des Communications Sécurisées a montré une forte croissance, et un règlement post-trimestriel concernant la technologie brevetée aura un impact positif sur les résultats du Q3. Malgré les impacts de revenus à court terme dus à la transition du modèle commercial, la direction reste optimiste quant à la croissance à long terme dans les marchés de la santé et de la sécurité des données.
Sectra meldete für das zweite Quartal 2024/2025 Rekordaufträge von über 4 Milliarden Schwedischen Kronen. Die Vertragsbestellungen des Unternehmens stiegen um 739,6 % auf 4.223,1 Millionen Schwedische Kronen, einschließlich eines bedeutenden Vertrags über 3 Milliarden Schwedische Kronen für Sectra One Cloud in Québec, Kanada. Die Nettoumsätze im Q2 sanken jedoch um 4,3 % auf 753,5 Millionen Schwedische Kronen, und der Betriebsgewinn ging um 38 % auf 109,6 Millionen Schwedische Kronen zurück.
Die Transformation des Unternehmens hin zu Serviceverkäufen und Cloud-Diensten schreitet voran, wobei die wiederkehrenden Cloud-Einnahmen um 29,9 % auf 121,3 Millionen Schwedische Kronen gestiegen sind. Der Bereich Sichere Kommunikation zeigte ein starkes Wachstum, und eine nachträgliche Einigung zu patentierter Technologie wird sich positiv auf die Ergebnisse des Q3 auswirken. Trotz kurzfristiger Umsatzeffekte durch den Übergang des Geschäftsmodells bleibt das Management optimistisch in Bezug auf langfristiges Wachstum in den Bereichen Gesundheitsversorgung und Datensicherheit.
- Record-breaking order bookings of SEK 4,223.1 million, up 739.6%
- Cloud recurring revenue increased 29.9% to SEK 121.3 million
- Total recurring revenue grew 12.8% to SEK 484.7 million
- Secure Communications segment showing fastest growth
- Significant patent settlement to boost Q3 results
- Net sales decreased 4.3% to SEK 753.5 million
- Operating profit declined 38% to SEK 109.6 million
- Operating margin dropped to 14.5% from 22.4%
- Profit for the period decreased to SEK 87.8 million from SEK 150.6 million
Insights
The quarterly results present a mixed picture with record-breaking order bookings but dampened financial performance. The 739.6% surge in order bookings to SEK 4,223.1 million is primarily driven by a major
The business model transformation toward recurring revenue shows promise, with cloud recurring revenue growing
Sectra's strategic pivot to cloud-based healthcare imaging services represents a significant market positioning move. The Quebec contract demonstrates growing demand for consolidated, region-wide medical imaging IT solutions delivered via cloud. This trend aligns with healthcare's digital transformation needs, particularly for seamless image sharing and storage across large healthcare networks.
The company's dual focus on healthcare imaging and cybersecurity positions it well in two recession-resistant growth sectors. The robust growth in the Secure Communications segment reflects increased cybersecurity spending amid rising digital threats. The transition to cloud and service-based models, while creating near-term pressure, should enhance customer stickiness and lifetime value.
LINKÖPING, Sweden, Dec. 12, 2024 /PRNewswire/ -- International medical imaging IT and cybersecurity company Sectra's (STO: SECT B) order bookings for the second quarter surpassed
Second quarter: August–October in figures
- Contracted order bookings rose
739.6% toSEK 4,223.1 million (503.0), of whichSEK 4,017.0 million (460.1) pertained to guaranteed order bookings. Of the guaranteed order bookings,3% were recognized during the quarter and a further 1–11% are deemed to pertain to revenue within 12 months after the end of the quarter. - Net sales decreased
4.3% toSEK 753.5 million (787.7). Based on unadjusted exchange rates, the decrease was2.1% . Recurring revenue accounted forSEK 484.7 million (429.6) of net sales, up12.8% . Based on unadjusted exchange rates, the increase was15.2% . Cloud recurring revenue (CRR) increased29.9% toSEK 121.3 million (93.4). - Operating profit declined
38.0% toSEK 109.6 million (176.7), corresponding to an operating margin of14.5% (22.4). Based on unadjusted exchange rates, operating profit decreased35.2% . - Profit for the period amounted to
SEK 87.8 million (150.6). - Cash flow from operations amounted to
SEK 176.1 million (57.7). - Sectra transferred
SEK 211.9 million (211.9) to shareholders through the 2024 share redemption program.
Six-month period: May–October 2024 in figures
- Contracted order bookings rose
39.3% toSEK 4,838.1 million (3,472.9), of whichSEK 4,560.1 million (804.5) pertained to guaranteed order bookings. - Net sales increased
7.7% toSEK 1,477.3 million (1,371.5). Based on unadjusted exchange rates, the increase was9.3% . Recurring revenue accounted forSEK 967.0 million (826.7) of net sales, up17.0% . Based on unadjusted exchange rates, the increase was18.5% . Cloud recurring revenue (CRR) increased35.8% toSEK 244.1 million (179.8). - Operating profit declined
14.9% toSEK 209.4 million (246.0), corresponding to an operating margin of14.2% (17.9). Based on unadjusted exchange rates, operating profit decreased12.4% . - Profit for the period amounted to
SEK 168.2 million (212.1). - Cash flow from operations amounted to
SEK 119.4 million (-40.6).
Comments from Torbjörn Kronander, President and CEO of Sectra AB
"The first half of the year can be summarized as follows: record-breaking order bookings, a continued positive trend for secure communications and significant progress in the transition to selling medical diagnostic imaging as a service. More extensive contracts with customers lead to large variations in order bookings, sales and earnings between quarters. The new business model, which generates higher revenue in the long term but lower revenue in the short term, had a clear impact on the quarter and will continue to have such an effect until the major customer contracts with recurring revenue that are currently in the start-up phase properly get under way.
"During the most recent quarter, we booked our largest order ever, worth over
"Our security customers are investing heavily in strengthening information security and making society more resistant to cyberthreats. This means that Secure Communications is currently our fastest-growing operating area. After the end of the quarter, we also reached a settlement with a US company regarding our patented technology for secure communications. This is a non-recurring business transaction that will have a significant positive effect in the third quarter (see page 5 for more information).
"Healthcare and data security are both areas that are expected to grow for a long time to come, and that are relatively unaffected by the economic climate. With loyal customers combined with a strong brand in growing areas, we have every reason to remain optimistic about the future."
Read the attached interim report for further CEO comments and information.
Presentation of the interim report
Torbjörn Kronander, President and CEO of Sectra AB, and Jessica Holmquist, CFO of Sectra AB, will present the financial report and answer questions. The presentation will be held in English.
Time: December 12, 2024 at 10:00 a.m. CET
Follow live or listen to the recording afterward: https://investor.sectra.com/Q2report2425
This information constitutes information that Sectra AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 8:15 a.m. (CET) on December 12, 2024.
For further information, please contact:
Dr. Torbjörn Kronander, President and CEO, Sectra AB, +46 (0) 705 23 52 27
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Sectra’s six month report 2024/2025 | |
https://news.cision.com/sectra/i/sectra-s-secure-mobile-vpn,c3361802 | Sectra's secure mobile VPN |
https://news.cision.com/sectra/i/torbjorn-kronander--president-and-ceo-of-sectra-ab,c3361801 | Torbjörn Kronander, President and CEO of Sectra AB |
https://news.cision.com/sectra/i/sectra-s-cloud-service,c3361803 | Sectra's cloud service |
View original content:https://www.prnewswire.com/news-releases/sectras-six-month-interim-report-20242025-order-bookings-at-a-record-high-302329895.html
SOURCE Sectra
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