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SECTRA (SECT) investor relations material
SECTRA Q1 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Order bookings more than doubled year-over-year, driven by strong performance in the US and Canada, primarily through SaaS and major new contracts in medical IT and cybersecurity.
All operating areas reported growth, with significant progress in transitioning to a pay-for-usage SaaS and service-based model.
Customer satisfaction remains high, especially in North America, supporting continued expansion.
Net sales rose 5.8% to SEK 765.9 million, with recurring revenue up 13.9% and cloud recurring revenue up 46.1% year-over-year.
Operating profit increased 19% to SEK 118.8 million, with a margin of 15.5%.
Financial highlights
Contracted order bookings reached SEK 1,309.5 million, up 112.9% year-over-year; guaranteed order bookings were SEK 1,192.3 million, up 119.5%.
Net sales were SEK 765.9 million, up 5.8% (12.1% at unadjusted exchange rates).
Recurring revenue was SEK 549.2 million, up 13.9%; cloud recurring revenue was SEK 179.4 million, up 46.1%.
Operating profit was SEK 118.8 million, up 19.0%; profit for the period was SEK 102.8 million, up 27.9%.
Earnings per share increased 26.2% to SEK 0.53.
Outlook and guidance
Large contracts signed in recent years will begin generating revenue this fiscal year, but full ramp-up will take 2–3 years.
Transition to service and cloud-based sales is expected to drive stable, long-term recurring revenue growth.
Sequential recurring revenue growth is expected to remain gradual as new customers are onboarded incrementally.
Increased investment in resilience and security in NATO countries is anticipated to create long-term opportunities.
Currency exposure remains significant due to a large share of revenue in foreign currencies.
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