powerpoint presentation...4 (eur 1,000) 26/4/2019 detection technology plc business...
TRANSCRIPT
Q1 President and CEO Hannu Martola 26 April 2019
2019 January-March
Business review
2
3.9M€ EBIT (3.7)
19.3%net sales change-% (2.4)
16.7%EBIT-% (19.4)
23.1M€ net sales (19.3)
26/4/2019 DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2019
Q1 2019 ›
3 26/4/2019 DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2019
Q1 2019 ›Back on track for double-digit growth
Sales were driven by customer-specific CT demand especially from China
SBU sales up 23% due to good demand and competitive position on security CT, market opening up also in the US and Europe
MBU sales up 14% due to well-developed medical CT demand from key customers
Operating profit improved althoughinvestments in R&D increased by 28%
NET SALES BY QUARTER
4
(EUR 1,000)
26/4/2019 DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2019
+19.3%(YOY)
0
5,000
10,000
15,000
20,000
25,000
30,000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
2016 2017 2018 2019
OPERATING PROFIT
5
(EUR 1,000)
14.9 %
18.3 %
21.4 %22.3 %
19.6 % 20.3 %
22.9 %
25.4 %
19.4 %
21.4 % 21.0 %19.2 %
16.7 %
0%
5%
10%
15%
20%
25%
30%
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000Q
116
Q21
6
Q31
6
Q41
6
Q11
7
Q21
7
Q31
7
Q41
7
Q11
8
Q21
8
Q31
8
Q41
8
Q11
9
EBIT excluding NRI (EUR 1,000) EBIT-% excluding NRI Mid-term EBIT-target ≥15%
26/4/2019 DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2019
SALES SPLIT
63%
37%
6
SBU14.5 NET SALES M€
22.9% YOY CHANGE-%
MBUNET SALES M€ 8.6
YOY CHANGE-% 13.8%
NET SALES
23.1M€
26/4/2019 DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2019
BY BUSINESS UNIT ›
62%16%
22%
NET SALES
23.1M€
+46%-27%+15% YOY CHANGE-%
ASIAAMERICAS
EUROPE
BY REGION ›
7 26/4/2019 DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2019
(EUR 1,000) 1-3 2019 1-3 2018 1-12 2018Net sales 23,053 19,318 93,916
Change in net sales, % 19.3% 2.4% 5.5%
Operating profit 3,855 3,741 18,522
Operating margin, % 16.7% 19.4% 19.7%
R&D costs 2,499 1,948 8,839
R&D costs, % of net sales 10.8% 10.1% 9.4%
Cash flow from operating activities 5,047 5,205 6,122
Capital expenditure 707 960 4,741
Earnings per share, EUR 0.25 0.21 1.03
KEY FIGURES
8 26/4/2019 DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2019
STRATEGYFocused on SOP (start of production) of new detector solutions
Received good customer feedback on pilot deliveries of Aurora, which will have an impact on SBU sales by end of 2019
Made the first customer shipments of X-Panel CMOS flat panel detectors
Completed succesfully MultiX integration, started industrialization of multi energytechnology
Decided to establish a new production and service site to Wuxi
5%MEDICAL MARKET
annual growth rate
6%SECURITY MARKET
annual growth rate
5%INDUSTRIAL MARKET
annual growth rate
BUSINESS OUTLOOK
9
ASIA-PACIFIC IS THE FASTEST GROWING MARKET
• Estimates sales to increase in both businesses and to achieve double-digit revenue growth in Q2
• Expects H2 demand to decline in MBU• Despite this expects total net sales to grow in H2• Uncertainty on demand and competition might be reflected in product prices
26/4/2019 DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2019
10 26/4/2019 DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2019
FINANCIAL TARGETS UNCHANGED
MEDIUM TERMAnnual
sales growth
>15%
MEDIUM TERMOperating
margin
≥15%
ANNUALDividend or
returned capital
30-60%
26/04/2019 CONFIDENTIAL | Presentation name / Author11