Sectra at bottom of STOXX after profit miss, near-term margin outlook

SECTRA AB

16/12/2022 12:16

** Shares in Swedish technology firm Sectra  SECTb.ST  fall
11%  SECTb.ST  to the bottom of STOXX  .STOXX  index after
publication of the company's Q2 report
    ** Carnegie analyst Kristofer Liljeberg says Sectra earnings
and orders came in below expectations 
    ** The company reported Q2 order bookings of SEK 664.2
million ($64.14 million), operating profit of SEK 107.6 million
    ** Liljeberg also notes Sectra's management warned that
margins would come down in the short term due to higher
investments
    ** He finally points out the company's premium valuation in
comparison to its peers 
    ** Sectra shares are on track for their worst day in nine
months
($1 = 10.3550 Swedish crowns)
 (Reporting by Agata Rybska)
 ((agata.rybska@thomsonreuters.com))