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-Sectra says US budgetary issues dampen market in Q1 FY 2011.

M2 EQUITYBITES-September 6, 2011--Sectra says US budgetary issues dampen market in Q1 FY 2011(C)2011 M2 COMMUNICATIONS

6 September 2011 - Swedish medical technology developer Sectra AB (STO:SECT B) sees that the uncertainty around the budgetary savings in the USA has had a dampening effect on the market, the company said in its first-quarter financial report, published today.

Sectra has noticed that new orders are being delayed as the sales process is taking longer than before.

In the first quarter of fiscal 2011/12, started 1 May, Sectra slipped to a net loss of SEK5.1m from a year-earlier profit of SEK1.8m, undershooting analyst expectations of a loss of only SEK500,000.

(EUR1 = SEK9.1)

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Publication:M2 EquityBites (EQB)
Date:Sep 6, 2011
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