SECT-BNasdaq StockholmHealth CareIFRS · SEK

SECTRA

Sectra is a technology company focused on improving healthcare and cybersecurity. It provides medical IT solutions that enhance the efficiency of healthcare providers worldwide and secure communications solutions that protect sensitive information for government and critical societal functions. With over 2,500 installations globally, Sectra's imaging IT systems are used by leading healthcare providers. The company is also innovating in business areas that could drive future growth.

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Business

Share of revenue
Imaging IT Solutions86 %

Medical diagnostic imaging systems and services.

Secure Communications12 %

Cybersecurity solutions for secure information exchange.

Business Innovation2 %

Development of new technologies and solutions.

Customers

Sectra serves a diverse range of customers primarily in the healthcare and government sectors. Its medical IT solutions are used by hospitals and healthcare providers to improve patient care and operational efficiency. The secure communications solutions are tailored for government officials, diplomats, and critical societal functions to ensure secure information exchange. The company's focus on customer satisfaction is evidenced by high repeat purchase rates and industry awards for customer service.

Healthcare Providers

Purchase imaging IT solutions to improve diagnostic efficiency.

Government and Diplomats

Use secure communications to protect sensitive information.

Critical Societal Functions

Rely on cybersecurity solutions for secure data exchange.

Strategy

Sectra's strategic priorities include transitioning to a service-based model, enhancing customer satisfaction, and expanding its cybersecurity offerings. The company is focusing on increasing recurring revenue through cloud services and strengthening its position in the healthcare and cybersecurity markets. Sectra aims to leverage its technological innovations to meet evolving customer needs and maintain its competitive edge.

Transition to service-based modelMedium term

To increase recurring revenue and customer retention.

Enhance customer satisfactionShort term

To ensure long-term growth and repeat business.

Expand cybersecurity offeringsLong term

To meet increasing demand for secure communications.

Geography

Sectra operates globally, with significant market presence in North America and Europe. The company has seen rapid growth in the US, driven by demand for its medical IT solutions. In Europe, countries like Norway and Germany contribute significantly to sales growth. Sectra's operations are sensitive to currency fluctuations due to a large portion of sales being conducted in foreign currencies such as EUR, GBP, and USD.

Risks

Sectra faces several risks, including currency fluctuations due to its international operations, cybersecurity threats, and the transition to a service-based model which may impact short-term profitability. The company is also exposed to regulatory changes in healthcare and cybersecurity sectors. Additionally, the competitive landscape in medical IT and cybersecurity poses a risk to market share and pricing power.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Cybersecurity threats1Transition to service-based model2Currency fluctuations3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Cybersecurity threatsImpact: CriticalLikelihood: Medium

    Potential breaches in secure communications.

  2. Transition to service-based modelImpact: HighLikelihood: Low

    May impact short-term profitability.

  3. Currency fluctuationsImpact: MediumLikelihood: Medium

    Large portion of sales in foreign currencies.

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Accounting

Judgemental items
Revenue recognition timing

Transition to service-based model impacts timing.

Impact: medium

Recurring revenue management

High share of revenue from subscriptions and support.

Impact: high

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Last updated: 24/09/2026