Interim report
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SECTRA Interim report for the May 2020 - January 2021 period : Increased order bookings and the industry's most satisfied customers for the eighth consecutive year Sectra has received a top ranking in customer satisfaction surveys in the category of diagnostic imaging systems for radiology in the US , Canada and Europe as well as in the category of digital pathology . As a result of having the market's most satisfied customers for many years , demand for the company's offerings is high and order bookings increased 79 % compared with the year earlier period . The third quarter of the preceding fiscal year was extremely strong and the results for this year did not quite reach the same level . The results were hampered by limited delivery opportunities in certain areas of the operations due to the COVID - 19 pandemic , and by a stronger SEK . Based on unadjusted exchange rates , sales for the nine - month period were on par with the year - earlier period . With tight restrictions still in place in several countries , the heightened risk of delivery delays is expected to continue in the coming quarter . However , Sectra is relatively well equipped to manage the pandemic based on a strong financial position , positive cash flows and a significant share of recurring revenue . THE PERIOD AND THE QUARTER IN BRIEF Figures in parentheses pertain to the corresponding period / quarter in the preceding year . Period : May 2020 - January 2021 Order bookings increased 79.1 % to SEK 1,962.4 million ( 1,095.5 ) . Net sales declined 4.1 % to SEK 1,106.2 million ( 1,153.5 ) . Based on unadjusted exchange rates , net sales increased 0.4 % . Operating profit rose 8.4 % to SEK 186.2 million ( 171.8 ) , corresponding to an operating margin of 16.8 % ( 14.9 ) . Based on unadjusted exchange rates , operating profit increased 19.5 % . Profit before tax amounted to SEK 181.8 million ( 176.3 ) . The figures include items affecting comparability ( refer to Secure Communications , page 10 ) . These items had a net effect of negative SEK 0.5 million on operating profit . Cash flow after changes in working capital increased to SEK 258.5 million ( 215.2 ) . Key figures SEK million Order bookings Net sales The quarter Q3 20/21 598.0 394.2 69.1 17.5 67.8 17.2 53.3 1.38 136.7 3.55 833 Q3 19/20 431.1 457.4 99.7 21.8 100.7 22.0 79.2 2.06 Change % 38.7 -13.8 -30.7 n / a -32.7 n / a -32.7 -33.0 1.9 2.0 7.5 Operating profit ( EBIT ) Operating margin , % Profit before tax ( EBT ) Profit margin , % Profit after tax Earnings per share , SEK ¹ Cash flow 2 Cash flow per share ¹.2 Average no . of employees ¹ Prior to dilution . 2 Cash flow from operations after changes in working capital . 134.1 3.48 775 Sectra's nine - month interim report 2020/2021 1 ( 23 ) The period Third quarter : November 2020 - January 2021 Order bookings increased 38.7 % to SEK 598.0 million ( 431.1 ) . Of the order bookings during the quarter , 17 % were recognized as revenue during the quarter and a further estimated 22 % to 32 % pertains to revenue within 12 months after the end of the quarter . Net sales declined 13.8 % to SEK 394.2 million ( 457.4 ) . Based on unadjusted exchange rates , the decrease was 3.3 % . • Operating profit declined 30.7 % to SEK 69.1 million ( 99.7 ) , corresponding to an operating margin of 17.5 % ( 21.8 ) . Based on unadjusted exchange rates , operating profit decreased 12.7 % . Q1-3 REPORT PRESENTATION March 12 , 2021 , 10:00 a.m. CET Follow online Q1-3 investor.sectra.com/q3report2021 Profit before tax amounted to SEK 67.8 million ( 100.7 ) . Cash flow after changes in working capital amounted to SEK 136.7 million ( 134.1 ) . 20/21 19/20 1,962.4 1,095.5 1,106.2 1,153.5 186.2 171.8 16.8 14.9 181.8 176.3 16.4 15.3 142.9 138.1 3.71 3.60 258.5 215.2 6.71 5.59 819 774 or call SE +46856642706 UK +443333009034 US +18446251570 More information on page 13 . Change % 79.1 -4.1 8.4 n / a 3.1 n / a 3.5 3.1 20.1 20.0 5.8 12 months Rolling Full - year Change 12 months 2,682.9 1,613.8 309.7 19.2 308.5 19.1 242.2 6.29 339.6 8.82 813 19/20 1,816.0 1,661.1 295.3 17.8 303.0 18.2 237.4 6.18 296.3 7.69 780 % 47.7 -2.8 4.9 n / a 1.8 n / a 2.0 1.8 14.6 14.7 4.2 This information constitutes information that Sectra AB ( publ ) is obliged to make public pursuant to the EU Market Abuse Regulation and / or the Swedish Securities Markets Act . The information was submitted for publication , through the agency of the contact person set out in the press release , at 8:15 a.m. CET on March 12 , 2021 . Sectra AB ( publ , https://sectra.com , Corporate Registration Number 556064-8304 , email info@sectra.com