The company said it posted full-year revenues of 1.632 billion kronor ($197.5 million), down 1.7% after adjusting for currency changes compared with the full year of 2020. Without currency changes, the company would have seen sales increase 3.4%.
The company said it reported its most profitable year in its history, with an operating profit of 350.1 million kronor ($42.3 million), representing growth of 32.2% and an operating margin of 21.4%.
Sectra's order bookings also grew sharply during the year, by 46%, to 2.652 billion kronor ($320.7 million), an amount the company said was a record level. Among the highlights for the fiscal year was growing adoption of the company's Sectra One subscription model.
Copyright © 2021 LabPulse.com