-Sectra says US budgetary issues dampen market in Q1 FY 2011.
NORDIC BUSINESS REPORT-September 6, 2011--Sectra says US budgetary issues dampen market in Q1 FY 2011(C)2011 M2 COMMUNICATIONS http://www.m2.com
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)
((Comments on this story may be sent to firstname.lastname@example.org))
|Printer friendly Cite/link Email Feedback|
|Publication:||Nordic Business Report|
|Article Type:||Brief article|
|Date:||Sep 6, 2011|
|Previous Article:||-Oslo-listed Golden Ocean starts share repurchase.|
|Next Article:||-Finnish new motor vehicle sales rise in Aug 2011.|