Sectra is holding a Capital Markets Day focused on cybersecurity
Press release – September 26, 2019 – International medical imaging IT and cybersecurity company Sectra (STO: SECT B) is arranging a Capital Markets Day today in Stockholm. President Torbjörn Kronander will present Sectra’s role and growth potential within the cybersecurity area, together with members of the management team for the company’s Secure Communications operating area. Pia Gruvö from the Swedish Military Intelligence and Security Service will provide insight into current and future challenges within encryption and cybersecurity.
The Capital Markets Day presentations will provide updates on the company’s markets, product offerings and strategies for growth within Secure Communications as well as how the operating area contributes to Sectra’s goals.
“We’re working to expand our offering to reach more customers, and major investments for the future are ongoing within the critical infrastructure and government/company security customer segments. Historically, the business model has largely been built on delivering products and projects, but now the focus is on expanding the share of operational and support services. Our ambition is to continue to grow profitably within all customer segments. The growth strategy is built on a clearer focus on customer segments and increasing service sales while we expand the customer offering through partnerships,” says Simo Pykälistö, President of Sectra’s Secure Communications operating area.
The Secure Communications operating area, which represents around 10 percent of the Group’s sales, helps customers reduce the risk of eavesdropping on society’s most important secrets and of unauthorized data access to sensitive infrastructure. The operating area has grown approximately 20 percent per year since 2015, with sales today of over SEK 150 million. Customer needs are driven by the ongoing digitization of society, increased cyber threats, the current geopolitical situation and the development of quantum computers. With extensive knowledge of cybersecurity and the trust of security authorities and customers in Europe, Sectra is well equipped to respond to the increased demand from critical infrastructure as well as other important social functions and government authorities.
Sectra is a strong brand in cybersecurity and medical imaging IT, areas where trust is vital when it comes to choosing a supplier. This combination is unique and is a particularly valuable asset in the healthcare market, where the need for protection against unauthorized data access and cyber attacks has grown significantly in recent years.
“During the last few years, we’ve experienced positive growth with increased synergies, with the medical imaging IT and cybersecurity areas strengthening each other. The Group has stable underlying operations with favorable profitability, long-term customer contracts and a steadily growing share of recurring revenue from growing markets. We also have a number of new geographic markets and exciting projects in the pipeline that can become significant in the future, including investments in cybersecurity to help companies within the energy sector and process industry with security analysis and system monitoring services for critical operating systems,” says Torbjörn Kronander, President and CEO of Sectra AB.
Speakers, program and presentations
The speakers are Torbjörn Kronander, President and CEO of Sectra AB; Simo Pykälistö, President of Secure Communications and VP Sectra AB; Lars Larsson, VP of the Critical Infrastructure customer segment; Robert Lidquist, VP of the Civil Authorities customer segment; Fredrik Sundström, VP of the National Security customer segment; Jonathan Jogenfors, Research Director, Secure Communications; and Pia Gruvö, Head of Crypto and IT Security at the Swedish Military Intelligence and Security Service.
Today’s program is available on the Group’s website at investor.sectra.com/cmd26sep. Recorded presentations will be published no later than the day after the event.
Sectra develops products and services that protect some of society’s most sensitive information and communications. The offering includes secure voice and data communications, with solutions certified at the national level and by the EU and NATO, as well as security analysis and monitoring of critical IT systems, such as electricity and water supply. Sectra’s operations are conducted from its offices in Sweden, the Netherlands and Finland.
Sectra assists hospitals throughout the world to enhance the efficiency of care, and authorities and defense forces in Europe to protect society’s most sensitive information. Thereby, Sectra contributes to a healthier and safer society. The company was founded in 1978, has its head office in Linköping, Sweden, with direct sales in 19 countries, and operates through partners worldwide. Sales in the 2018/2019 fiscal year totaled SEK 1,413 million. The Sectra share (STO: SECT B) is quoted on the Nasdaq Stockholm exchange. For more information, visit https://sectra.com/.