Detection Technology Oy · OMXHEX:DETEC
Detection Technology Oy — Q3 2019 Earnings Presentation
13 slides from Detection Technology Oy's earnings presentation, Oct 25, 2019
Slide 1: Q3 2019 Business review January-September
Q3 2019 January-September Business review President and CEO Hannu Martola 25 October 2019
Slide 2: Q3 2019 net sales, EBIT headline figures
Q3 2019 › 26.9 M€ 9.5% 5.1 M€ 19.1% net sales (24.6) net sales change-% (10.6) EBIT (5.2) EBIT-% (21.0) 2 25.10.2019 Detection Technology | Business review January-September 2019
Slide 3: Q3 net sales outperformed market growth
Q3 2019 › Q3 net sales outperformed market growth due to airport CT equipment demand, although MBU sales fell short of expectations SBU sales growth of 42% was driven by security CT demand in all regions and explained also by low Q3 2018 sales MBU sales decreased by -28% as a result of the softening
Slide 4: Net sales by quarter
NET SALES BY QUARTER (EUR 1,000) 30,000 25,000 9.5% 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 2016 2017 2018 2019 4 25.10.2019 Detection Technology | Business review January-September 2019
Slide 5: Operating profit
OPERATING PROFIT (EUR 1,000) 8,000 30% 7,000 25.4% 25% 6,000 22.9% 22.3% 21.4% 21.4% 21.0% 20.3% 19.1% 20% 19.6% 19.4% 19.2% 5,000 18.3% 17.5% 16.7% 4,000 14.9% 15% 3,000 10% 2,000 5% 1,000 0 0% Q116 Q216 Q316 Q416 Q117 Q217 Q317 Q417 Q118 Q218 Q318 Q418 Q119 Q219 Q319 EBIT excluding NRI (EUR 1,000)
Slide 6: Sales split Q3 2019 by business unit and region
SALES SPLIT Q3 2019 BY BUSINESS UNIT › BY REGION › 21% 31% NET SALES NET SALES 26.9 8% 26.9 M€ M€ 69% 71% MBU SBU ASIA 20.4% 8.4 NET SALES M€ 18.6 NET SALES M€ AMERICAS -54.8% YOY CHANGE-% -27.6% 42.3% YOY CHANGE-% EUROPE 40.8% YOY CHANGE-% 6 25.10.2019 Detection Technology | Business review January
Slide 7: Q1-Q3 2019 net sales and EBIT
Q1-Q3 2019 › 77.5 M€ 13.5% 13.8 M€ 17.8% net sales (68.3) net sales change-% (11.0) EBIT (14.1) EBIT-% (20.7) 7 25.10.2019 Detection Technology | Business review January-September 2019
Slide 8: Sales split Q1-Q3 2019 by business unit and region
SALES SPLIT Q1-Q3 2019 BY BUSINESS UNIT › BY REGION › 22% 32% NET SALES NET SALES 77.5 77.5 M€ 13% M€ 68% 65% MBU SBU ASIA 19.7% 25.0 NET SALES M€ 52.5 NET SALES M€ AMERICAS -20.0% YOY CHANGE-% -11.3% 30.9% YOY CHANGE-% EUROPE 26.6% YOY CHANGE-% 8 25.10.2019 Detection Technology | Business review Ja
Slide 9: Key figures
KEY FIGURES Q3 2019 Q3 2018 Q1-Q3 2019 Q1-Q3 2018 2018 Net sales, EUR 1,000 26,934 24,596 77,459 68,264 93,916 Change in net sales, % 9.5% 10.6% 13.5% 11.0% 5.5% Operating profit, EUR 1,000 5,148 5,161 13,807 14,115 18,522 Operating margin, % 19.1% 21.0% 17.8% 20.7% 19.7% R&D costs, EUR 1,000 2,602
Slide 10: Q3 strategy implementation
Q3 STRATEGY IMPLEMENTATION › Implementation of the new DT-2025 strategic target and work on the strategy continued Market interest in the Aurora and X-Panel product families accelerated The number of active customers has increased from 240 at the beginning of the year to over 260 Medical Device Qual
Slide 11: Business outlook
BUSINESS OUTLOOK 5% 6% 5% MEDICAL MARKET SECURITY MARKET INDUSTRIAL MARKET annual growth rate annual growth rate annual growth rate • Expects total net sales to grow in Q4, but growth to slow down ASIA-PACIFIC IS THE FASTEST • Uncertainties on demand and intense competition might be reflected in GRO
Slide 12: Financial targets unchanged
FINANCIAL MEDIUM TERM Annual MEDIUM TERM Operating ANNUAL Dividend or TARGETS sales growth margin returned capital UNCHANGED › >15% ≥15% 30-60% 12 25.10.2019 Detection Technology | Business review January-September 2019
Slide 13: Detection Technology
Detection Technolo: FOREKNOW. FORESAVE® -