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SECT B SECTRA AB News Story

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Brief: Sectra Q3 Net Sales Rise To SEK 848.4 Mln

March 14 (Reuters) - Sectra AB SECTb.ST:

Q3 EBIT MARGIN 24.1%

Q3 SALES SEK 848.4 MILLION

Q3 EBIT SEK 314.7 MILLION

Q3 RECURRING REVENUE SEK 525.8 MILLION

Q3 ORDERS SEK 967.6 MILLION

TRANSITION TO SERVICE SALES HAS DAMPENED OUR GROWTH FOR SEVERAL YEARS NOW, BUT WE EXPECT TO SEE POSITIVE EFFECTS OUTWEIGH NEGATIVE ONES WITHIN ONE TO TWO YEARS

CEO: WITH VERY LARGE PROJECTS WE ARE CARRYING OUT, THESE NEGATIVE EFFECTS WILL CONTINUE INTO NEXT FISCAL YEAR, PUTTING PRESSURE ON OUR OPERATING MARGIN AND SALES

OPERATING PROFIT TREND FOR THE GROUP IS POSITIVE DESPITE THE  ONGOING TRANSITION TO SERVICE SALES

Source text: ID:nWkr57shsc

Further company coverage: [SECTb.ST]

 (Gdansk Newsroom)

 ((Gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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