Annual
review

2019

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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

3060%

MARKET OUTLOOK

icon_medical

MEDICAL MARKET

Annual
Growth Rate

5%

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SECURITY MARKET

Annual
Growth Rate

6%

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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