Brief: Detection Technology Q1 Operating Profit At EUR 1.5 Mln

DETECTION TECHNOLOGY Oyj

27/04/2022 07:14

April 27 (Reuters) - Detection Technology Oyj  DETEC.HE :
    * DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH
2022
    * Q1 NET SALES INCREASED BY 10.9% TO EUR 20.3 MILLION (18.3)
    * Q1 OPERATING PROFIT (EBIT) WAS EUR 1.5 MILLION (1.4)
    * ACCORDING TO DETECTION TECHNOLOGY'S VIEW, DEMAND WILL
CONTINUE
TO BE STRONG IN ALL OF COMPANY'S MAIN MARKETS
    * EXPECTS DOUBLE-DIGIT GROWTH IN TOTAL NET SALES BOTH IN Q2
AND H2
OF 2022, ALTHOUGH SHORTAGE OF MATERIALS AND COMPONENTS IS
EXPECTED TO POSTPONE AT LEAST SOME OF GROWTH IN Q2
    * AIMS TO INCREASE SALES BY AT LEAST 10% PER ANNUM AND TO
ACHIEVE
AN OPERATING MARGIN AT OR ABOVE 15% IN MEDIUM TERM.

Source text for Eikon:  ID:nWkr96MsRK 
Further company coverage:  DETEC.HE 

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