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.

Business review January-March 2019

Detection Technology estimates that sales of both business units will grow in line with the company’s financial targets in the second quarter. The company expects demand to decline in the MBU business in the second half of 2019, as a significant customer will ramp down production of a device that uses DT’s solution. Despite this, the company’s total net sales are expected to grow in the second half of the year. 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.