#Sweden #Cybersecurity #Sectra #Medical Imaging #Linköping

Sectra's Six-Month Interim Report 2025/2026

Overview

Sectra, an international leader in medical imaging IT and cybersecurity, has announced its interim report for the first half of the 2025/2026 fiscal year. With remarkable increases in order bookings, sales, and profitability, Sectra's performance highlights the power of customer satisfaction in driving business success. This article delves into the specifics of Sectra’s accomplishments over these six months as well as insight from key leadership.

Key Highlights

During the second quarter from August to October 2025, Sectra recorded outstanding achievements, marking the second-highest order bookings in a single quarter of SEK 3,431.6 million. The company noted that SEK 2,246.0 million of this amount pertained directly to guaranteed order bookings. A statistical analysis reveals that approximately 4% of these guaranteed bookings were acknowledged as recognized revenue during the quarter, with an anticipated 9-19% projected to convert to revenue within the next year. This trend underscores Sectra's promising outlook for immediate future growth.

In terms of sales, there was a notable increase of 12.9%, reaching SEK 850.6 million, compared to SEK 753.5 million in the same period the previous year. A crucial aspect of this growth was attributed to recurring revenue, which climbed to SEK 587.9 million, accounting for a 21.3% increase. Additionally, Sectra witnessed remarkable growth in Cloud Recurring Revenue (CRR), which experienced a staggering 74.9% rise, now at SEK 212.2 million.

Operating Profit Surge

Sectra's operating profit experienced a significant surge, jumping 72.1%, translating to SEK 188.6 million. This increase also reflected an impressive operating margin of 22.2%, indicating heightened efficiency and profitability in operations. When adjusted for exchange rates, the operating profit rose by 95.0% compared to the prior year. Notably, this outcome factored in SEK 16.2 million in costs linked to share-based incentive programs, showcasing the effectiveness of employee engagement in pushing the company forward.

The overall profit recorded for the period stood at SEK 148.4 million, a strong improvement from SEK 87.8 million in the previous period. It’s important to note, however, that cash flow from operations decreased to SEK 41.4 million, attributed primarily to increased capital tied up in current receivables.

Performance Over Six Months

Taking a broader perspective, Sectra noted a 2.0% decrease in contracted order bookings for the six-month period, totaling SEK 4,741.2 million. The net sales increased by 9.4% to reach SEK 1,616.4 million. If exchange rates are unadjusted, this growth translates to a 16.0% increase compared to the same period last year. Recurring revenues accounted for SEK 1,137.1 million, a 17.6% increase.

Despite some headwinds, such as product delivery delays in their Secure Communications segment, overall performance remains optimistic. The industry demand for cybersecurity solutions continues to grow in response to evolving global security needs. Hence, Sectra anticipates scaling up from substantial customer contracts initiated earlier in the fiscal year.

Leadership Insights

Torbjörn Kronander, President and CEO of Sectra, emphasized the adaptability and resilience of the company during these challenging times. He reflected on the importance of swift adaptation to new technologies and a customer-centric approach in achieving higher levels of satisfaction within the market. Kronander noted, "Our strength is based on the trust we have built over time, which creates a loyal customer base—an indispensable asset for future growth."

He further articulated the ongoing transitions within the industry towards cloud-based services, stating this major shift might pressure short-term financials but is ultimately a robust investment for the company’s long-term future.

Conclusion

As Sectra continues to navigate through the complexities of healthcare IT and cybersecurity, its strategic focus on customer satisfaction, innovation, and adaptive service delivery remains a cornerstone of its growth strategy. The recent interim report not only showcases financial success but also reflects a company on the path to fortifying its position as a leader in its field.

For further insights and additional details, clients and stakeholders are encouraged to review the complete financial report and participate in follow-up presentations by the company’s leadership.