The 2020/2021 financial year in brief

Full Annual Report and Sustainability Report

With the most satisfied customers in the market for many years, Sectra is winning new, extensive customer contracts. The 2020/2021 fiscal year is the strongest to date in terms of order bookings and earnings, and the Group’s three financial goals were exceeded. The operating margin was well over the target of 15%, mainly due to the effect of temporarily lower costs for travel and trade fair events as a result of pandemic restrictions. For the full story, read our Annual Report and Sustainability Report.

CEO comments

“It is impossible to discuss where we stand as a company this year without mentioning the pandemic. We have all felt its impact on our lives. Our customers and employees have been forced to adapt in order to maintain society’s critical functions. We have helped our customers provide patients with the best possible care and protect critical infrastructure and communication. healthcare personnel, who continue to help an enormous number of patients in need of care, are everyone’s heroes.”

Torbjörn Kronander, President and CEO of Sectra

CEO letter | Annual Report [PDF] Watch recording of Year-end report presentation

A selection of financial performance measures

1,632.4

Net sales
SEK million

350.1

Operating profit
SEK million

2,651.6

Order bookings
SEK million

9.66

Cash flow per share
SEK

7.15

Earnings per share
SEK

4.50

Share redemption program
per share SEK

Business model, goals and strategies

  • The Group’s order bookings increased by 46.0% to SEK 2,651.6 million. We grow by making our customers successful.
  • Equal-opportunity workplace with satisfied employees and customers.
  • Sustainable corporate culture with focus on customer value and innovation—this benefits our shareholders over time.
  • Sectra receives Top Innovator Award.
  • All of the financial goals have been achieved.
Learn more

The COVID-19 pandemic

  • Our top priority is to help our customers maintain a functioning healthcare system, cybersecurity and infrastructure during these difficult circumstances.
  • Our customers are prioritizing the most essential operations at the moment, meaning that some planned deliveries have been delayed and that ongoing procurements have been temporarily paused. At the same time, some customer activities have gone faster than planned.
  • Demand for medical imaging IT and cybersecurity are being driven by an increased need to work remotely with the same demands on functionality and security as at the workplace.
  • New ways of working and methods for remote installation and delivery are being developed in collaboration with customers, which is improving efficiency.
  • Digital work methods and processes, a strong financial position and a significant share of recurring revenue contribute to a stable performance for Sectra, even under challenging circumstances such as a pandemic.

Further reading about how  Sectra is addressing the situation:

FAQ and country specific information
Highlights from our three operating areas
Highlights from our three operating areas
  • Sectra earned five awards for having the best customer satisfaction in the categories of medical imaging IT (PACS) and digital pathology.
  • Strong order bookings—historically high level.
  • The new Sectra One subscription model was well received.
  • Several existing customers are expanding their use of Sectra’s systems to include digital pathology.
  • Sectra secures a number of comprehensive contracts for regional solutions involving medical imaging management, collaboration and consolidation.
  • The customer base is growing in the US, with new, top-ranked healthcare providers choosing Sectra.
  • One of the world’s largest universities ordered Sectra’s online platform for interactive education, with actual clinical cases available both on campus and remotely.
  • Sales in the Orthopaedics business unit were noticeably affected by the temporary downturn in planned care resulting from the COVID-19 pandemic.
  • Progress in research projects within AI and clinical validation of medical IT solutions.
  • Increased order bookings through orders for cybersecurity projects and project-based development in Sweden and abroad.
  • Sectra’s VPN for secure mobile workplaces was approved by the security authorities in the Netherlands for the protection of classified information.
  • The EU approved Sectra’s eavesdroppingproof mobile phone Sectra Tiger/S for voice communication and transferring classified information.
  • New framework agreement with EU institutions.
  • Launch of a new service to help civil authorities and large corporations with secure digital communication and remote collaboration.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.
  • Medical and anatomy students who are better prepared for working life.
  • 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.
  • Increased access to specialists, regardless of where care is sought.
  • Increased security regarding patient data.

Society and citizens

  • 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.

915

Total number of employments in 14 countries

>200 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

196

Purchase of goods for resale from suppliers, SEK million

848

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

Download a copy of the year in brief 2020/2021

English version | PDF Swedish version | PDF
Read the full Annual Report and Sustainability Report

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