Brief: Detection Technology Q3 EBIT Excluding Non-Recurring Items At EUR 3.3 Mln

DETECTION TECHNOLOGY Oyj

27/10/2021 07:09

Oct 27 (Reuters) - Detection Technology Oyj  DETEC.HE :
    * DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-SEPTEMBER
2021
    * Q3 NET SALES INCREASED BY 12.5% TO EUR 23.2 MILLION (20.6)
    * Q3 OPERATING PROFIT (EBIT) EXCLUDING NON-RECURRING ITEMS
(NRI)
WAS EUR 3.3 MILLION (2.8)
    * OUR PROFITABILITY IMPROVED FROM H1, AND EXPECTED SALES
GROWTH IN
H2 WILL HELP CREATE A POSITIVE FINANCIAL RESULT.
    * OUR BUSINESS OUTLOOK FOR END OF THIS YEAR AND BEGINNING OF
NEXT
IS STRONG, AND WE EXPECT ALL OUR BUSINESSES TO SEE DOUBLE-DIGIT
GROWTH BOTH IN Q4 OF 2021 AND H1 OF 2022.
    * DOUBLE-DIGIT GROWTH IN MBU AND IBU SALES WILL BE STRONGER
IN Q4
THAN IN Q3 OF 2021, AND SBU SALES WILL REACH DOUBLE-DIGIT GROWTH
PATH.
    * WE HAVE INTENSIFIED OUR MEASURES TO MITIGATE RISKS AND
WILL KEEP
OUR MEDIUM-TERM GROWTH AND PROFITABILITY TARGETS UNCHANGED.
    * ACCORDING TO DETECTION TECHNOLOGY'S VIEW, MEDICAL AND
INDUSTRIAL
MARKETS WILL GROW IN LINE WITH PRE-PANDEMIC ESTIMATES BY
EXPERTS, ON AVERAGE ABOUT 5% PER YEAR
    * DEMAND WILL CONTINUE TO BE STRONG BOTH IN MEDICAL AND
INDUSTRIAL
IMAGING APPLICATIONS, AND DOUBLE-DIGIT GROWTH OF MEDICAL AND
INDUSTRIAL SOLUTIONS BUSINESS UNITS WILL BE GREATER IN Q4 THAN
IN Q3 OF 2021
    * DEMAND IN SECURITY APPLICATIONS WILL IMPROVE, AND COMPANY
EXPECTS SECURITY BUSINESS UNIT TO HAVE DOUBLE-DIGIT GROWTH IN
NET SALES IN Q4 OF 2021
    * DETECTION TECHNOLOGY EXPECTS DOUBLE-DIGIT GROWTH IN ITS
TOTAL
NET SALES ALSO IN H1 2022.
    * 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:nWkr1BfCZL 
Further company coverage:  DETEC.HE 

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