Brief: Detection Technology Q4 EBIT Rises To EUR 3.0 Million

DETECTION TECHNOLOGY Oyj

02/02/2022 07:11

Feb 2 (Reuters) - Detection Technology Oyj  DETEC.HE :
    * DETECTION TECHNOLOGY PLC FINANCIAL STATEMENTS REVIEW
JANUARY-DECEMBER 2021
    * Q4 NET SALES INCREASED BY 24.3% TO EUR 24.7 MILLION (19.9)
    * Q4 OPERATING PROFIT (EBIT) EXCLUDING NON-RECURRING ITEMS
(NRI)
WAS EUR 3.0 MILLION (2.3)
    * Q4 OPERATING PROFIT (EBIT) WAS EUR 3.0 MILLION (2.3)
    * DIVIDEND EUR 0.35 PER SHARE* (0.28)
    * DEMAND WILL CONTINUE STRONGLY IN ALL OUR MAIN MARKETS AND
IN
EACH OF OUR THREE BUSINESSES
    * WE EXPECT SINGLE-DIGIT GROWTH IN MEDICAL SALES AND BOOSTED
DOUBLE-DIGIT GROWTH IN SALES OF OUR SECURITY AND INDUSTRIAL
APPLICATIONS BOTH IN Q1 AND Q2 OF 2022
    * WE EXPECT OVERALL DOUBLE-DIGIT GROWTH FOR COMPANY IN Q1
AND Q2
OF 2022, ALTHOUGH SUPPLY ISSUES ARE EXPECTED TO CURB SOME OF
GROWTH.
    * AIMS TO INCREASE SALES BY AT LEAST 10% PER ANNUM AND TO
ACHIEVE
AN OPERATING MARGIN AT OR ABOVE 15% IN MEDIUM TERM
    * A FURTHER DEGRADATION IN SUPPLY CHAIN MIGHT AFFECT
BUSINESS
OUTLOOK

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