Q1 Business review
January-March 2026
President and CEO Hannu Martola | 23 April 2026
Q1 2026 | 25.3 net sales, €m (22.2) | 13.5 net sales change-% (-2.0) | 2.4 EBITA, €m (1.4) | 9.3 EBITA-% (6.3) |
2 23.4.2026 Detection Technology | Business review January-March 2026 presentation
Q1: Growth in all business applications and markets
Total net sales grew at a double-digit rate
Industrial sales +24%
Sales of line scan solutions grew strongly across all regions, primarily driven by the food industry
The growth in TFT sales continued
Medical sales +16%
Growth driven by CT applications, particularly in APAC
Security sales +5%
Sales increased in EMEIA and Americas
The EMEIA growth supported by security CT and cargo inspection, and the Americas by aviation line scan solutions
In APAC, market and sales declined
3 23.4.2026 Detection Technology | Business review January-March 2026 presentation
Net sales by quarter
(EUR 1,000)
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
2023 2024 2025
Q1
2026
35,000
30,000
25,000
20,000
13.515,000
(YOY change-%)
10,000
5,000
0
4 23.4.2026 Detection Technology | Business review January-March 2026 presentation
Operating margin (EBITA) excluding NRI
(EUR 1,000)
6.5%
6.3%
5.4%
7.0%
9.0%
9.3%
11.4%
10.0%
12.7%
12.4%
14.8%
15.3%
16.3%
6,000 25%
5,000
20%
4,000
3,000
15%
10%
2,000
5%
1,000
Q123
Q223
Q323
Q423
Q124
Q224
Q324
Q424
Q125
Q225
Q325
Q425
Q126
0 0%
EBITA excluding NRI (EUR 1,000) EBITA-% excluding NRI Mid-term EBITA-target 15%
5 23.4.2026 Detection Technology | Business review January-March 2026 presentation
Q1 2026 sales split by regional business units
4.6%
25.9%
25.3
€m
TOTAL NET SALES
69.6%
NET SALES €m | YOY CHANGE-% | |
AMERICAS | 1.2 | 32.7 |
APAC | 17.6 | 10.1 |
EMEIA | 6.5 | 20.7 |
6 23.4.2026 Detection Technology | Business review January-March 2026 presentation
Q1 2026 sales split by main applications
18.4%
32.0%
25.3
€m
TOTAL NET SALES
49.7%
NET SALES €m | YOY CHANGE-% | |
INDUSTRIAL | 4.6 | 23.5 |
MEDICAL | 12.6 | 15.9 |
SECURITY | 8.1 | 5.3 |
7 23.4.2026 Detection Technology | Business review January-March 2026 presentation
Key figures
Q1 2026 | Q1 2025 | FY 2025 | |
Net sales, EUR 1,000 | 25,264 | 22,249 | 101,023 |
Change in net sales, % | 13.5% | -2.0% | -6.0% |
EBITA, EUR 1,000 | 2,351 | 1,399 | 9,255 |
EBITA, % | 9.3% | 6.3% | 9.2% |
R&D costs, EUR 1,000 | 2,773 | 2,634 | 11,266 |
R&D costs, % of net sales | 11.0% | 11.8% | 11.2% |
Cash flow from operating activities, EUR 1,000 | -3,418 | 1,425 | 3,885 |
Investments, EUR 1,000 | 409 | 390 | 2,965 |
Return on net assets (RONA, 12-month rolling), % | 23.0% | 33.9% | 20.4% |
Earnings per share, EUR | 0.13 | 0.05 | 0.44 |
8 23.4.2026 Detection Technology | Business review January-March 2026 presentation
Strategic levers
BASE
Continue to do what we do, better
TFT
Drive TFT flat panel growth, across regions and markets
ADDED VALUE
Commercialize more value-added integrated HW-SW solutions to a broader customer base
NEW TECH
Seek new opportunities beyond current scope (Photon counting & SW)
Being the most trusted partner that drives customer success through exceptional usability
Elevate performance culture
9 23.4.2026 Detection Technology | Business review January-March 2026 presentation
ADDED VALUE
AIDA commercialized and the first deliveries completedScalable detector platforms with integrated software
Algorithms & AI enhance image quality and enable low-dose, high-quality 3D imaging
Integrated architecture enables to develop new data-generating solutions for further added value
Meeting market demand as big OEMs shifting to photon counting, new entrants need value-added solutions
10 17/3/2026 Detection Technology | DNB Carnegie small cap technology seminar
X-ACE HS
BASE
Launched AIDA compatible, off-the-shelf CT detector family for high-speed and low-dose medical
imaging
11 23.4.2026 Detection Technology | Business review January-March 2026 presentation
Sales expectation Q2 and Q3 2026
Industrial
to decline in Q2
Medical
to grow in Q2
Security
to grow in Q2
Q2 sales are expected to grow in all regions: APAC, EMEIA, and the Americas
YOY total net sales to grow in Q2 and Q3 2026
12 23.4.2026 Detection Technology | Business review January-March 2026 presentation
Business outlookDetection Technology expects total net sales to grow year-on-year in Q2 and Q3 2026.
The geopolitical situation, new U.S. import tariffs, and price competition especially in China create uncertainty.
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MEDIUM TERM Annual sales growth >10% | MEDIUM TERM Operating margin (EBITA) 15% | ANNUAL Dividend 30-60% |
FINANCIAL TARGETS
14 23.4.2026 Detection Technology | Business review January-March 2026 presentation
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