According to industry estimates, an average annual global growth is about 5% in the medical X-ray imaging market, 7% in security and around 5% in industrial segment.

Half-yearly report January-June 2018

Detection Technology estimates that the annual growth rate of the market will remain at the current level in the all segments.

In the second half of 2018, the company expects sales to increase in the both business units as in medical applications the production ramp-down of a key customer’s system using a DT detector will last longer than estimated. There is uncertainty regarding demand, and the intensification of competition might be reflected in product prices. The company does not believe that protectionist trade policies pursued by different countries will have a significant impact on the company’s business in the second half of 2018, but sees it as a potential risk in the longer term.

Detection Technology’s medium-term business outlook is unchanged. Detection Technology aims to increase sales by at least 15% per annum and to achieve an operating margin at or above 15% in the medium term.