Brief: Detection Technology Q4 EBIT Down At EUR 4.9 Million

DETECTION TECHNOLOGY Oyj

01/02/2019 07:08

Feb 1 (Reuters) - Detection Technology Oyj  DETEC.HE :
    * REG-DETECTION TECHNOLOGY PLC FINANCIAL STATEMENTS REVIEW
JANUARY-DECEMBER 2018
    * Q4 NET SALES EUR  25.7 MILLION VERSUS EUR 27.5 MILLION
YEAR AGO
    * Q4 EBIT EUR 4.9 MILLION VERSUS EUR 7.0 MILLION YEAR AGO
    * PROPOSES DIVIDEND EUR 0.38 PER SHARE (0.35)
    * PROFITABILITY REMAINED GOOD AS A WHOLE
    * OUR PROFITABILITY WAS AFFECTED BY LOWER SALES, PRICE
COMPETITION
AND HIGHER RESEARCH AND DEVELOPMENT COSTS THAN IN PREVIOUS YEAR
    * FOR H1 WE EXPECT SALES TO GROW IN BOTH BUSINESS UNITS AND
GEOGRAPHICALLY IN ALL MARKETS, AND WE BELIEVE THAT COMPANY WILL
ACHIEVE DOUBLE-DIGIT REVENUE GROWTH
    * SECOND HALF OF YEAR WILL BE CHALLENGING FOR MBU SALES,
BECAUSE
ONE OF OUR MAJOR CUSTOMERS WILL RAMP DOWN MANUFACTURING OF A
DEVICE THAT USES A DT SOLUTION AS WE HAVE STATED EARLIER
    * OUR MEDIUM-TERM GROWTH AND PROFITABILITY TARGETS REMAIN
UNCHANGED

Source text for Eikon:  ID:nGNEbVH1Vg 
Further company coverage:  DETEC.HE 

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