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STOCKHOLM, April 27, 2022 /PRNewswire/ — A strong start for the year with continued overall growth
- Our strong finish of 2021 is now followed by a first quarter of 2022 with considerable growth for both order intake and net sales. We increased the order book to 91.4 (72.9) MSEK compared to the end of 2021 (87.1) MSEK.
- The orderbook now consists of 72% Annual Recurring Revenue based components adding up to 66 MSEK out of the total of 91.4 MSEK.
- Net sales for the first quarter of 53.1 (32.3) MSEK, corresponding to an increase of 64.2% compared to the same period last year and the order intake was 54.4 (39.9) MSEK an increase of 36.3% compared to last year.
- A significant event in the quarter was the order received by Siemens Healthineers China relating to 10 systems for the Corindus roll-out of GRX robots in China. It should be noted that none of these systems was recognized as net sales for the quarter, but they are planned for the remainder of this year. The software for these systems is to be recognized over time as recurring revenue.
- The overall performance for the quarter is improved compared to last year, hence both the …
Full story available on Benzinga.com
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