Brief: Detection Technology Q1 EBIT doubles to EUR 0.74 million

DETECTION TECHNOLOGY Oyj

27/04/2015 07:02

April 27 (Reuters) - Detection Technology Oyj  DETEC.HE  
    * Q1 net sales grew 29 percent to 8.97 million euros  ($9.76 
million)  
    * Q1 operating profit (EBIT) amounted to 0.74 million euros 
versus 0.37 million euros year ago 
    * Says Detection Technology's sales outlook for 2015 is in 
accordance with its medium term target to increase sales by at 
least 15 percent per annum 
    * Says Detection Technology's profitability is developing 
according to plan 
    * Says the company's net sales and profitability can vary 
considerably between quarters due to timing of projects and 
customer deliveries 
    * Says total capital expenditure related to new factory in 
Beijing, China and other investments are estimated to amount to 
4.5 million - 5.0 million euros in 2015 
 
 
    Source text for Eikon:  ID:nHUG26zPK6  
 
    Further company coverage:  DETEC.HE  
 
 
($1 = 0.9190 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))