The 2019/2020 financial year in brief

Full Annual Report and Sustainability Report

Long-term efforts in creating value for customers, patients and society at large resulted in the best earnings year in Sectra’s history. All operating areas are growing. Geographically, operations in the US represented the single largest growth in sales, thus overtaking Sweden as our largest market. Here we provide an overview of the financial year. For the full story, read our Annual Report and Sustainability Report.

CEO comments

“When our customers in the healthcare sector become more efficient in their daily work and can thus provide care for more people, or when society’s vulnerability decreases through the use of our data security solutions, then we have also succeeded. It is deeply satisfying that our long-term efforts in creating real value for customers, patients and society at large have enabled us to report the best earnings year in Sectra’s history.”

Torbjörn Kronander, President and CEO of Sectra

Read the CEO Letter in the Annual Report Watch recording of Year-end report presentation

A selection of financial performance measures

1,661.1

Net sales
SEK million

295.3

Operating profit
SEK million

1,816.0

Order bookings
SEK million

7.69

Cash flow per share
SEK

6.18

Earnings per share
SEK

4.50

Share redemption program
per share SEK

Business model, goals and strategies

  • We grow by making our customers successful.
  • All of the Group-wide financial goals have been achieved.
  • Top 3 among Sweden’s best employers 2019, in a survey by Universum.
  • Sustainable corporate culture with focus on customer value and innovation—this benefits our shareholders over time.
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Highlights from our three operating areas
Highlights from our three operating areas
  • We are at the top of customer satisfaction surveys in Canada and the US—seventh consecutive year in the US, which is Sectra’s fastest growing market.
  • Increased demand for our offering in digital pathology, which was also approved for primary diagnostics and remote reading in the US.
  • New partnership for easier and safer introduction of artificial intelligence (AI) into the healthcare sector creates conditions for better patient care.
  • Operating profit for Imaging IT Solutions increased 23.6%, a result of many new customers putting Sectra’s systems into operation.
  • New functionality for radiologists and orthopaedists simplifies time-consuming measurements and planning for joint replacement surgery.
  • Sapienza University of Rome was one of many customers who used Sectra’s cloud-based education portal to conduct remote medical training during the COVID-19-pandemic.
  • Approval of Sectra’s quantum secure crypto in the Netherlands—protects national security and society’s most crucial functions.
  • Acquisitions strengthened Sectra’s offering to government authorities and private enterprises, and established Secure Communications in the US.
  • Capital Markets Day focused on growth potential in cybersecurity; view recorded presentations here.

Examples of the values created for society and other stakeholders

Customers

  • More efficient diagnosis and selection of treatment for patients.
  • Increased productivity, high quality and security in the healthcare sector, particularly in use and management of medical images.
  • Easier planning and monitoring of orthopaedic procedures.
  • Virtual education that increases understanding of human anatomy and how it is affected by illness.
  • Protection against eavesdropping, unauthorized data access and cyberattacks.

Patients

  • Faster diagnosis and treatment, especially in areas related to illnesses among the elderly.
  • More reliable diagnoses yield better care outcomes.
  • Avoidance of unnecessary revision surgeries of orthopaedic implants.
  • Increased access to specialists, regardless of where care is sought.
  • Increased security regarding patient data.

Society and citizens

  • Products and services that contribute to increased efficiency and quality in medical diagnostic imaging and patient care.
  • Increased cybersecurity in critical social functions.
  • Job opportunities and tax payments in the countries where we operate.
  • Research results that could contribute to a healthier and safer society.

859

Total number of employments in 14 countries

>150 million

Total number of patients whose diagnostic imaging information is stored in Sectra’s systems

12.4%

Percentage of sales re-invested in R&D for increased customer value

248.3

Purchase of goods for resale from suppliers, SEK million

597.1

Salaries and other remuneration of the President and employees, SEK million

Read the full Annual Report and Sustainability Report

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