Detection Technology is a global provider of X-ray detector solutions for medical, security and industrial applications. The company’s net sales totaled EUR 102 million in 2019. The company has 280 active customers in 40 countries. Detection Technology employs around 500 people in Finland, China, France and the US. The company’s shares are listed on Nasdaq First North Growth Market Finland under the ticker symbol DETEC.
DETEC Nasdaq First North Growth Market Finland
KEY FIGURES
102M€
Net sales in 2019
17%
EBIT-% excluding NRI in 2019
280
Active customers in over 40 countries
496
Employees in Finland, China, France and the US
Net sales split by geography and business units in 2019
GLOBAL TRENDS AS GROWTH DRIVERS
INSECURITY CONCERNS
have made governments and organizations focus on increasing spending on security.
AGING POPULATIONS
are leading to increased healthcare investments as morbidity and the number of disabilities grow.
CLIMATE CHANGE
accelerates indirectly demand for imaging applications as a result of increased insecurity and recycling requirements.
Digitalization and AI
raise X-ray imaging to a new level and boosts device renewal.
QUALITY AND EFFICIENCY REQUIREMENTS
increase the need for quality assurance of components and processes, and material sorting.
EMERGING MARKETS
are investing more in healthcare and security, as purchasing power increases with GDP growth.
FINANCIAL TARGETS
MEDIUM-TERM TARGET
Annual
sales growth
>10%
MEDIUM-TERM TARGET
Operating
margin
≥15%
ANNUAL
Dividend or
returned capital
30–60%
MARKET OUTLOOK
MEDICAL MARKET
Annual
Growth Rate
5%
SECURITY MARKET
Annual
Growth Rate
6%
INDUSTRIAL MARKET
Annual
Growth Rate
5%
INVESTOR CONTACTS
President and CEO
Hannu Martola, tel. +358 500 449 475
For investor meetings and requests
Communications and Marketing Manager
Johanna Tarkiainen, tel. +358 40 7287 163
E-mail
investors@nulldeetee.com