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)
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