Swedish imaging informatics and digital mammography developer Sectra reported fiscal 2004 net sales of 455.9 million Swedish kronor ($62.6 million U.S.), a downturn when compared with net sales of 495.3 million kronor ($68 million) in fiscal 2003, according to the firm.
For the fiscal year (end-April 30) the Linköping-based vendor said it had net earnings of 54.2 million kronor ($7.4 million), a robust increase compared with net earnings of 21 million kronor ($2.9 million) in fiscal 2003.
The firm said its lower sales were due in part to lower-than-expected sales in its secure-communications systems business. In its medical systems unit, the drop resulted from fewer hospital digitization projects in the company's core Scandinavian market, as well as lower prices for PACS installations.
By AuntMinnie.com staff writers
May 24, 2005
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