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Stock impact report

Sectra's three-month interim report 2024/2025: Increased recurring revenue led to a strong first quarter

Barnes Group, Inc. (B) 
Last barnes group, inc. earnings: 4/24 06:30 am Check Earnings Report
Company Research Source: PR Newswire
LINKÖPING, Sweden, Sept. 6, 2024 /PRNewswire/ -- International medical imaging IT and cybersecurity company Sectra (STO: SECT B) is continuing to grow with satisfied customers. Sales and operating profit were the highest the Group has ever reported for a first quarter. This trend was due in part to a more even distribution across quarters as a result of increased recurring revenue and growing volumes. At the same time, these figures are no longer being boosted by currency effects.First quarter (May–July 2024) in figuresContracted order bookings decreased 79.3% to SEK 615.0 million (2,970.0), of which SEK 543.1 million (344.4) pertained to guaranteed order bookings. Of the guaranteed order bookings, 22% were recognized during the quarter and a further 25–35% are deemed to pertain to revenue within 12 months after the end of the quarter.Net sales increased 24.0% to SEK 723.8 million (583.7). Based on unadjusted exchange rates, the increase was 24.7%. Recurring revenue accounted for SEK Show less Read more
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