According to industry estimates, the average growth rate is around 5% per year in the global medical X-ray imaging market, 6% in the security X-ray equipment market and around 5% in industrial X-ray imaging.

Half-yearly report January-June 2019

For the second half of the year, Detection Technology expects a temporary slowdown in medical imaging market growth.

Detection Technology estimates that sales will grow in the SBU business and decrease in the MBU business in the third quarter. The company expects its net sales to increase in the third quarter in line with the company’s financial targets. There is uncertainty regarding demand, and the intensification of competition might be reflected in product prices.

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.