Detection Technology Oy · OMXHEX:DETEC
Detection Technology Oy — Q3 2023 Earnings Presentation
17 slides from Detection Technology Oy's earnings presentation, Oct 27, 2023
Slide 1: Business review January–September 2023
Q3 January–September 2023 Business review President and CEO Hannu Martola | 27 October 2023
Slide 2: Q3 2023 key figures
Q3 2023 24.5 -10.2 2.2 9.0 net sales, €m net sales change-% EBITA excluding NRI, €m EBITA-% excluding NRI (27.3) (17.5) (0.6) (2.3) 2 27.10.2023 Detection Technology | Business review January—September 2023
Slide 3: Prerequisites for profit improvement in place
Prerequisites for profit improvement in place Industrial sales +2% • Long-term megatrends unchanged • Sales grew but fell behind expectations as demand in the food industry was low and some key customers continued to clear their stocks Medical sales -27% • The increased uncertainty in the market rea
Slide 4: Net sales by quarter
Net sales by quarter (EUR 1,000) 30,000 25,000 -10.2 20,000 15,000 (YOY change-%) 10,000 5,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2020 2021 2022 2023 4 27.10.2023 Detection Technology | Business review January—September 2023
Slide 5: Operating margin (EBITA) excluding NRI
Operating margin (EBITA) excluding NRI (EUR 1,000) 3,500 25% 3,000 20% 2,500 15% 2,000 14.1% 13.4% 12.3% 12.6% 11.8% 12.0% 1,500 9.9% 9.0% 10% 1,000 7.5% 7.4% 6.5% 5.9% 5.2% 5.4% 5% ,500 2.3% 0 0% Q120 Q220 Q320 Q420 Q121 Q221 Q321 Q421 Q122 Q222 Q322 Q422 Q123 Q223 Q323 EBITA excluding NRI (EUR 1,0
Slide 6: Q3 2023 sales split by business units
Q3 2023 sales split by business units NET SALES €m YOY CHANGE-% IBU 4.0 1.6 16.2% 39.6% TOTAL NET SALES 24.5 €m MBU 10.8 -27.0 44.1% SBU 9.7 13.7 6 27.10.2023 Detection Technology | Business review January—September 2023
Slide 7: Q3 2023 sales split by region
Q3 2023 sales split by region NET SALES €m YOY CHANGE-% 9.6% 20.0% AMERICAS 2.3 29.4 TOTAL NET SALES 24.5 €m APAC 17.3 -21.0 EMEA 4.9 35.9 70.4% 7 27.10.2023 Detection Technology | Business review January—September 2023
Slide 8: Q1-Q3 2023 key figures
Q1-Q3 72.5 3.0 5.0 6.9 net sales, €m net sales change-% EBITA excluding NRI, €m EBITA-% excluding NRI (70.4) (8.1) (3.3) (4.7) 8 27.10.2023 Detection Technology | Business review January—September 2023
Slide 9: Q1-Q3 2023 sales split by business units
Q1-Q3 2023 sales split by business units NET SALES €m YOY CHANGE-% IBU 11.1 -2.6 15.4% 36.0% TOTAL NET SALES 72.5 €m MBU 35.3 -0.6 48.7% SBU 26.1 11.2 9 27.10.2023 Detection Technology | Business review January—September 2023
Slide 10: Q1-Q3 2023 sales split by region
Q1-Q3 2023 sales split by region NET SALES €m YOY CHANGE-% 11.6% 19.7% AMERICAS 8.4 61.5 TOTAL NET SALES 72.5 €m APAC 49.8 -4.5 EMEA 14.3 9.8 68.7% 10 27.10.2023 Detection Technology | Business review January—September 2023
Slide 11: Key figures
Key figures Q3 2023 Q3 2022 Q1-Q3 2023 Q1-Q3 2022 FY 2022 Net sales, EUR 1,000 24,507 27,276 72,479 70,354 98,580 Change in net sales, % -10.2% 17.5% 3.0% 8.1% 9.8% EBITA excluding NRI, EUR 1,000 2,207 631 5,034 3,331 6,135 EBITA excluding NRI, % 9.0% 2.3% 6.9% 4.7% 6.2% Non-recurring items (NRI), E
Slide 12: Main events
Main events Completed the acquisition of Haobo Imaging, consolidated its financial information to the Group’s financial reporting as of July 2023 The net sales of the acquired business are around two million euros in H2 2023 Took measures, such as redundancies, small series production transfer fro
Slide 13: Strategy highlights
Strategy highlights • The integration process of Haobo Imaging has proceed as planned • The project to expand production in Oulu, Finland, has progressed as planned • Manufacturing capability for photon-counting detector solutions, small series production transferred from France to Finland • Product
Slide 14: Sales expectation Q4 2023
Sales expectation Q4 2023 Industrial Medical Security to grow to grow to grow in Q4 in Q4 in Q4 Total net sales to grow high single-digit in Q4 2023 and to grow in Q1 2024. 14 27.10.2023 Detection Technology | Business review January—September 2023
Slide 15: Business outlook
Business outlook SECURITY MARKET annual growth rate 5% Detection Technology expects its total net sales to grow in Q4 of 2023 and in Q1 of 2024. INDUSTRIAL MARKET Geopolitical situation, U.S.–China relations, global economy, inflation, the high annual growth rate 6% stocks of some of the company’s c
Slide 16: Financial targets
FINANCIAL TARGETS MEDIUM TERM Annual MEDIUM TERM Operating ANNUAL Dividend or sales growth margin (EBITA) returned capital >10% 15% 30-60% 16 27.10.2023 Detection Technology | Business review January—September 2023
Slide 17: www.deetee.com
Detection Technology