Sectra AB

Latest Results (21.11.2025):

Sectra AB — reporting on the fiscal year 2024/2025 and the fourth quarter (Feb–Apr) 2025 — delivered solid growth: record order bookings, higher net sales and materially stronger recurring and cloud revenues, while operating profit improved on an underlying basis (partly boosted by a one-off patent settlement). The Board proposes an ordinary dividend in line with last year and an extraordinary dividend. Management highlights continued progress in the transition to service deliveries, with some near-term headwinds from reduced license sales and major customer go‑lives.

Contracted order bookings

Fiscal year 2024/2025: +39.9% to SEK 8,706.1m (guaranteed SEK 7,653.0m). Q4 Feb–Apr 2025: +223.4% to SEK 2,900.3m (guaranteed SEK 2,382.1m). Of the guaranteed Q4 bookings, 7% were recognized as revenue in the quarter and a further 15–25% are expected to be recognized within 12 months.

Net sales and recurring revenue

FY net sales rose 9.3% to SEK 3,239.8m (10.2% on unadjusted FX). Recurring revenue for the year was SEK 2,067.4m (+19.9%); Cloud Recurring Revenue (CRR) up 48.9% to SEK 591.1m. Q4 net sales were SEK 914.1m (+1.8%); Q4 recurring revenue SEK 574.6m (+24.0%) and CRR SEK 184.1m (+61.8%).

Profitability

FY operating profit SEK 723.0m, which includes a SEK 110.0m positive effect from a patent settlement; comparable operating profit (underlying) SEK 613.0m (+18.4%) with an operating margin of 18.9% (vs 17.5). Q4 operating profit SEK 198.9m (+0.8%), margin 21.8% (22.0). Profit for the period: FY SEK 563.4m; Q4 SEK 131.2m.

Cash flow and shareholder returns

Cash flow from operations FY SEK 922.4m (vs SEK 326.3m prior year); Q4 cash flow SEK 222.3m. The Board proposes an ordinary dividend of SEK 1.10 per share (unchanged) and an extraordinary dividend of SEK 1.00 per share, reflecting the year’s cash generation and financial position.

Strategy and near‑term outlook

Management reports strong progress in shifting to service-based deliveries (medical diagnostic imaging as a service) and high customer satisfaction (record Best in KLAS results). Near term, lower license sales and profitability pressure from large customer go‑lives are expected, but the transition is seen as beneficial long term.

Presentation

The report will be presented by CEO Torbjörn Kronander and CFO Jessica Holmquist on June 5, 2025; a recording and live stream are available via Sectra’s investor site.