The 2023/2024 financial year in brief

Satisfied customers, a good corporate culture, and long-term investments in developing services and products for cybersecurity in society and for increased efficiency in healthcare have led to success for Sectra through the years—and 2023/2024 was no different.

At Sectra, we prioritize long-term earnings performance over short-term margin increases. We take on challenging and important assignments that drive us, our customers and our sectors forward. One example of this is the ongoing major transition of the business model in our largest operating area, Imaging IT Solutions. We are moving from license sales to service sales, which means that revenue will be spread out over a longer period of time. In the short term, this will affect growth in both sales and profit. Despite this, the outcome for the year was good, driven largely by our success in the US and the UK and by major improvements in Secure Communications.

A selection of financial performance measures


Net sales
SEK million


Operating profit
SEK million


Order bookings
SEK million


Cash flow per share


Earnings per share


Share redemption program
per share SEK
(Proposal to the 2024 AGM)

Highlights 2023/2024 fiscal year
Highlights 2023/2024 fiscal year
  • Our ability to make our customers successful, which is one of our fundamental strategies, enables us to grow.
  • Internal and external measurements show that Sectra is an equal opportunity workplace with satisfied employees and a strong culture.
  • The Group’s order intake, sales and operating profit exceed previous records. All financial goals have been met.
  • Major, long-term customer contracts lead to historically high levels of contracted order bookings. Sectra wins some of its largest contracts ever, including contracts with one of the largest healthcare providers in the US and with the public healthcare provider in Scotland.
  • Continued growth in the US. According to KLAS Research, Sectra is considered as a supplier in half of US healthcare providers’ decisions to purchase a medical imaging system [PACS] and is selected as a supplier in 25% of all decisions—significantly more than any other vendor.
  •  A growing number of healthcare providers around the world choose Sectra, and sales increase in all geographic markets. The UK surpasses Sweden and becomes Imaging IT Solutions’ second-largest market in terms of sales after the US.
  • Sectra strengthens its position in the digital pathology market through orders from hospitals in countries including France, Korea and the US.
  • More customers choose the Sectra One subscription service, often delivered as a cloud service, resulting in increased recurring revenue. Nine healthcare providers in countries such as Canada, the UK and the US deploy the service.
  • Sectra expands its operations in Canada and secures its first Canadian AI-as-a-Service customer.


More than 3.5 million patient cases
so far have been reviewed with
Sectra’s pathology solution.

  • Good progress in the development of new IT support system for genomics, preparing for delivery to first customer.
  • Sectra’s cloud service for medical education is becoming an important resource for university hospitals. Use in Europe is growing, especially for training radiographers.
  • The Sectra Implant Movement Analysis service for orthopeadic surgeons is sold to customers in Norway and the US for the first time.
  • Sectra’s research results generate important insights into how healthcare can be streamlined using AI without compromising patient safety. IT research also results in innovative tools for analyzing genomic data.
  • Many countries are increasing their investments in defense and public security. Sectra’s ability to help customers with these needs leads to increased order bookings and an improved financial performance.
  • Swedish authorities expand their partnership with Sectra through an order for a new communication solution within the Sectra Tiger family—a desktop phone that allows multiple people to participate in a secure call at once. This further strengthens the communications protection capacity of the Swedish civil and military defense forces.
  • Sectra participates in two Vinnova-financed research projects: one addressing cybersecurity when parts of an energy system are transferred to the cloud and another focusing on making systems more robust against cyberattacks.
  • EU organizations and a number of member states order additional units of Sectra’s approved mobile encryption system and extend existing support agreements for the same system.
  • The NATO Communications and Information Agency (NCI Agency) order additional units of the mobile encryption system Sectra Tiger and extend its support contract for five years.


In the spring, Sweden became a member of NATO.
The security alliance has been using Sectra Tiger for secure communications since 2018 and the collaboration
has been ongoing for longer than that.

Examples of the values created for society and other stakeholders


  • Increased productivity, high quality and security in the healthcare sector, particularly in the use and management of medical images.
  • Easier planning and monitoring of orthopaedic procedures.
  • Health and social care students and employees who are better prepared for working life.
  • Protection against eavesdropping, unauthorized data access and cyberattacks.


  • Faster diagnosis and treatment, especially in areas related to illnesses among the elderly, and cancer care.
  • 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.
  • Innovations and research results that could contribute to a healthier and safer society and a lower climate impact.


Total number of employments in 15 countries


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


Purchase of goods for resale from suppliers, SEK million


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

Sectra—The founders’ story

Sectra contributes to a healthier and safer society by assisting health systems throughout the world to enhance the efficiency of care, and authorities and defense forces in Europe to protect society’s most sensitive information. The company, founded in 1978, is headquartered in Linköping, Sweden, with direct sales in 19 countries, and distribution partners worldwide.

Would you like to know how it all started? Three of Sectra’s founders—Ingemar Ingemarsson, Robert Forchheimer and Viiveke Fåk—were interviewed this spring as part of a project intended to showcase the history and heritage of Sectra.