Detection Technology Oy · OMXHEX:DETEC
Detection Technology Oy — Q1 2024 Earnings Presentation
13 slides from Detection Technology Oy's earnings presentation, Apr 25, 2024
Slide 1: Q1 January–March 2024 Business review
Q1 January–March 2024 Business review President and CEO Hannu Martola | 25 April 2024
Slide 2: Q1 2024 net sales and EBITA
Q1 2024 22.7 -0.2 2.3 10.0 net sales, €m net sales change-% EBITA, €m EBITA-% (22.8) (12.0) (1.5) (6.5) 2 25.4.2024 Detection Technology | Business review January—March 2024
Slide 3: Strong sales in Security, improved financial performance
Strong sales in Security, improved financial performance Industrial sales +5% • Demand recovered towards the end of Q1, positive signs especially in the food sector • Sales were more modest than expected due to customer stocks, growth was driven by NDT applications and mainly attributed to TFT flat
Slide 4: Net sales by quarter
Net sales by quarter (EUR 1,000) 35,000 30,000 25,000 20,000 -0.2 15,000 (YOY change-%) 10,000 5,000 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2022 2023 2024 4 25.4.2024 Detection Technology | Business review January—March 2024
Slide 5: Operating margin (EBITA) excluding NRI
Operating margin (EBITA) excluding NRI (EUR 1,000) 5,000 25% 4,500 4,000 20% 3,500 3,000 14.8% 15% 14.1% 2,500 12.6% 12.0% 2,000 9.9% 10.0% 10% 9.0% 1,500 7.5% 7.4% 6.5% 1,000 5.2% 5.4% 5% ,500 2.3% 0 0% Q121 Q221 Q321 Q421 Q122 Q222 Q322 Q422 Q123 Q223 Q323 Q423 Q124 EBITA excluding NRI (EUR 1,000)
Slide 6: Q1 2024 sales split by business units
Q1 2024 sales split by business units NET SALES €m YOY CHANGE-% IBU 3.6 5.3 15.9% TOTAL NET SALES 22.7 42.2% MBU 9.5 -20.9 €m 42.0% SBU 9.6 31.5 6 25.4.2024 Detection Technology | Business review January—March 2024
Slide 7: Q1 2024 sales split by region
Q1 2024 sales split by region NET SALES €m YOY CHANGE-% 4.0% 24.0% AMERICAS 0.9 -63.8 TOTAL NET SALES 22.7 €m APAC 16.4 4.9 72.0% EMEA 5.4 16.7 7 25.4.2024 Detection Technology | Business review January—March 2024
Slide 8: Key figures
Key figures Q1 2024 Q1 2023 FY 2023 Net sales, EUR 1,000 22,706 22,753 103,794 Change in net sales, % -0.2% 12.0% 5.3% EBITA excluding NRI, EUR 1,000 2,263 1,477 9,656 EBITA excluding NRI, % 10.0% 6.5% 9.3% Non-recurring items (NRI), EUR 1,000 0 0 -873 EBITA, EUR 1,000 2,263 1,477 8,784 EBITA, % 10.
Slide 9: Strategy highlights
Strategy highlights Decided to expand its business to India and recruited a local director to develop Indian business • India is about to make significant infrastructure investments in healthcare, manufacturing industries, and traffic, for example more than 100 airports will be built Opened its new
Slide 10: Sales expectation Q2
Sales expectation Q2 Industrial Medical Security to grow double-digit to decrease to grow double-digit in Q2 in Q2 in Q2 Year-on-year total net sales to remain stable in Q2 and turn to growth in Q3 of 2024 for the rest of the year. 10 25.4.2024 Detection Technology | Business review January—March 20
Slide 11: Business outlook
Business outlook SECURITY MARKET annual growth rate 8% Detection Technology expects its year-on-year total net sales to remain stable in Q2 and turn to growth in Q3 of 2024. INDUSTRIAL MARKET annual growth rate 6% Geopolitical situation, U.S.–China relations, global economy, inflation, the measures
Slide 12: Financial targets
FINANCIAL TARGETS MEDIUM TERM Annual MEDIUM TERM Operating ANNUAL Dividend or sales growth margin (EBITA) returned capital >10% 15% 30-60% 12 25.4.2024 Detection Technology | Business review January—March 2024
Slide 13: www.deetee.com
Detection Technology