PR Newswire
STOCKHOLM, May 9, 2018
STOCKHOLM, May 9, 2018 /PRNewswire/ -- RaySearch Laboratories AB (publ)
"During the first quarter 2018, net sales decreased 8 percent to SEK 116 M (127) and operating margin declined to 12 percent (26), primarily due to changes in accounting policies. With unchanged accounting policies, net sales would have been the same as the corresponding quarter of 2017, i.e., SEK 127 M, and the operating margin 19 percent. Cash flow before financing activities improved to SEK 13 M (8). We are secure in our long-term strategy and our expansion is continuing," says Johan Löf, CEO of RaySearch.
THREE MONTHS (JANUARY-MARCH 2018)
CHANGES TO ACCOUNTING POLICIES
SIGNIFICANT EVENTS DURING THE FIRST QUARTER
SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD
The information contained in the interim report is such that RaySearch Laboratories AB (publ) is obliged to disclose under the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication on May 9, 2018 at 7:45 a.m. CET.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Johan Löf, President and CEO
Tel: +46-8-510-530-00
E-mail: johan.lof@raysearchlabs.com
Peter Thysell, CFO
Tel: +46-70-661-05-59
E-mail: peter.thysell@raysearchlabs.com
ABOUT RAYSEARCH
RaySearch Laboratories AB (publ) is a medical technology company that develops advanced software solutions for improved radiation therapy of cancer. The company develops and markets the RayStation treatment planning system to clinics all over the world and distributes the products through licensing agreements with leading medical technology companies. The company is also developing the next-generation oncology information system, RayCare, which was launched in December 2017 and comprises a new product area for RaySearch. RaySearch's software is currently used by over 2,600 clinics in more than 65 countries. The company was founded in 2000 as a spin-off from the Karolinska Institute in Stockholm and the share has been listed on Nasdaq Stockholm since 2003.
More information about RaySearch is available at www.raysearchlabs.com.
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SOURCE RaySearch Laboratories
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