Brief: Sectra Says Increased Sales Of Cloud-Based Services During Year Delays Net Sales, Earnings

SECTRA AB

10/03/2023 07:58

March 10 (Reuters) - Sectra AB  SECTb.ST :
    * DURING FISCAL YEAR, WE INCREASED OUR SALES OF CLOUD-BASED
SERVICES, WHICH IS DELAYING OUR NET SALES AND EARNINGS COMPARED
TO SELLING SAME SYSTEM UNDER A TRADITIONAL LICENSE MODEL
    * OUR COSTS FOR TRAVEL AND TRADE FAIRS ALSO INCREASED
COMPARED TO
VERY LOW LEVELS DURING PANDEMIC YEARS. HOWEVER, THESE WERE
OFFSET BY CURRENCY MOVEMENTS

Source text for Eikon:  ID:nWkrVlSLt 
Further company coverage:  SECTb.ST 

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