Sectra hits record high on Q1 sales growth

SECTRA AB

06/09/2024 11:23

** Shares of Swedish technology company Sectra  SECTb.ST  surged
to record high of SEK 267.4 after its Q1 earnings report
    ** Shares are up 7.5% at SEK 261.2 as of GMT 1012
    ** Co reports 24% YoY jump in sales to SEK 724 mln ($70.8
mln)
    ** Both sales and operating profit of SEK 99.8 mln ($9.8
mln) are the highest for a Q1
    ** Carnegie analyst Kristofer Liljeberg says the results
signal a possible slowdown in recent cost expansion

($1 = 10.2254 Swedish crowns)

 (Reporting by Anna Chaberska)
 ((Anna.chaberska@thomsonreuters.com))