Q1 2026 Sectra AB Earnings Call Transcript
Key Points
- Order bookings doubled compared to the previous year, driven by successes in the US and Canada.
- Transition to a Software-as-a-Service model is progressing well, with significant growth in cloud recurring revenue.
- Sectra AB (FRA:61L0) is rated as having the happiest customers in the US and Canada, contributing to growth.
- The company has a strong financial position with an equity assets ratio of 54%, well above the target of 30%.
- Operating profit increased by 19% to SEK119 million, with a margin improvement to 15.5%.
- Net sales growth was modest at 6%, partly due to currency effects.
- Nonrecurring revenue declined as customers shift from traditional software licenses to service purchases.
- The financial impact from new customers is expected to be small this fiscal year, indicating slow sequential growth in recurring revenue.
- There is a large currency exposure, with significant portions of revenue in foreign currencies.
- Share-based incentive programs have increased costs, impacting financial results.
Good morning, everyone, and welcome to Sectra's three-month interim report presentation with CEO Torbjörn Kronander; and CFO, Jessica Holmquist. Management will start with their presentations, and you can ask questions in the chat function during the presentation and management will address them after at the Q&A session.
And with that, I will hand over to you, Torbjörn.
All right. Thank you very much. Welcome to our quarter one presentation for this fiscal year. We'll start with the interim highlights by myself, and then Jessica will take over and present the financial developments and figures. I will have a brief Sectra's way forward, and then we'll have a Q&A session at the very end. You can use the chat function or you can send in your questions by e-mail.
Our business operations sector, to repeat, that is Imaging IT. We manage images. We started with only radiology, which is
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