Sweden's Sectra Q1 revenue rise on strong cloud services

SECTRA AB

04/09/2026 07:26

Overview
Sweden medical imaging IT firm's Q1 net sales rose 25.8% yr/yr
Recurring revenue up 31.7%, cloud recurring revenue tops SEK 1 bln on 12-month basis
Contracted order bookings fell 46.6% yr/yr, company cites prior strong bookings and investments

Outlook
Sectra says continued investments may impact costs and profitability in individual periods
Company sees long-term opportunities from strong order book and market position

Result Drivers
CLOUD SERVICES GROWTH - Co said recurring revenue from cloud services exceeded SEK 1 bln, driven by strong prior order bookings and investments in scaling up offerings
EXPANDING CUSTOMER BASE - CEO said more customers using Sectra's solutions strengthened recurring revenue base and profitability
CONTINUED INVESTMENTS - CEO said ongoing investments in people, technology, security and delivery capacity are needed to meet customer needs and support long-term opportunities

Company press release: ID:nWkr5Xrvhq

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
SEK 963 mln
SEK 897 mln (2 Analysts)
Q1 EBIT
Beat
SEK 191 mln
SEK 183 mln (2 Analysts)
Q1 EBIT Margin
 
19.80%
 
Q1 Orders
 
SEK 699 mln
 
Q1 Recurring Revenue
 
SEK 723 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the advanced medical equipment & technology peer group is "buy"
Wall Street's median 12-month price target for Sectra AB is SEK340.00, about 16.9% above its September 3 closing price of SEK290.80
The stock recently traded at 71 times the next 12-month earnings vs. a P/E of 78 three months ago

Reuters Recommended Reads
Sept 3 - Sweden's Integrum Q1 sales rise on higher S1 surgeries
Sept 3 - Swedish retailer Clas Ohlson's Q1 sales jump on new product launches, store expansion
Sept 1 - Swedish manufacturing PMI rises to 56.1 points in August

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)