BUSINESS REVIEW Q1 2017
PRESIDENT AND CEO HANNU MARTOLA | DETECTION TECHNOLOGY PLC | 26 APRIL 2017
1
26/04/2017
CONFIDENTIAL | Presentation name / Author
HIGHLIGHTS Q1 2017
2
26/4/2017
•
Net sales increased by 22.7% to EUR 18.9 M (15.4)
•
EBIT was EUR 3.7 M (2.3)
•
EBIT-% was 19.6% of net sales (14.9%)
•
MBU sales grew 95% due to good demand for products
transferred to production last year
•
SBU had a moderate growth of 2% as logistics
companies reduced their equipment purchases in Asia
•
More balanced net sales split by businesses, application
areas and regions
DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2017
NET SALES
(EUR 1,000)
25 000
20 000
+22.7%
15 000
(YOY)
10 000
5 000
0
Q1
Q2
Q3
2015
3
26/4/2017
Q4
Q1
Q2
Q3
2016
Q4
Q1
2017
DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2017
EBIT-% AT TARGET LEVEL
(EUR 1,000)
6 000
25%
21,4 %
5 000
22,3 %
19,6 %
18,3 %
4 000
16,0 %
20%
15%
14,9 %
3 000
10%
2 000
8,6 %
8,3 %
6,0 %
5%
1 000
0
EBIT excluding NRI (EUR 1,000)
4
26/4/2017
EBIT-% excluding NRI
DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2017
Q117
Q416
Q316
Q216
Q116
Q415
Q315
Q215
Q115
0%
Mid-term EBIT-target ≥15%
OUR BUSINESSES IN Q1 2017
MBU
MEDICAL
BUSINESS UNIT
36%
SBU
NET SALES
SECURITY AND INDUSTRIAL
BUSINESS UNIT
18.9
M€
64%
6.8
YOY GROWTH-% 94.5
12.1 NET SALES M€
1.7 YOY GROWTH-%
NET SALES M€
5
26/4/2017
DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2017
SALES ESCALATED IN AMERICAS
19%
NET SALES
Asia
18.9
Americas
Europe
6
26/4/2017
CHANGE-% YOY
24%
M€
57%
DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2017
-7%
+147%
+87%
KEY FIGURES
Q1 2017
Q1 2016
2016
Net sales
18,863
15,373
75,509
Net sales growth, %
22.7%
71.3%
76.5%
3,690
2,287
14,808
19.6%
14.9%
19.6%
(EUR 1 000)
Operating profit
Operating margin, %
R&D costs
1,529
1,623
6,071
R&D costs, % of net sales
8.1%
10.6%
8.0%
Cash flow from operating activities
1,154
325
5,412
324
875
1,612
0.20
0.11
0.81
Capital expenditure
Earnings per share, EUR
7
26/4/2017
DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2017
STRATEGY IMPLEMENTATION
8
26/4/2017
•
Focus on ensuring sufficient shipments and
production capacity to meet market needs
•
Expansion of the Beijing factory started, new
facilities will be taken into use in May
•
Winning new customers and projects
•
Broadening of technology base
DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2017
BUSINESS OUTLOOK
MEDICAL MARKET
ANNUAL GROWTH RATE
5%
ASIA-PACIFIC IS THE
FASTEST GROWING
MARKET
9
26/4/2017
SECURITY MARKET
ANNUAL GROWTH RATE
7%
INDUSTRIAL MARKET
ANNUAL GROWTH RATE
5%
• Growth to continue in 2017 but expected to be more moderate than in 2016
• There is uncertainty with the demand for the rest of the year as competition
tightens and affects product prices.
DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2017
FINANCIAL TARGETS UNCHANGED
MEDIUM TERM TARGET
MEDIUM TERM TARGET
>15%
≥15%
Annual
sales growth
10
26/4/2017
Operating
margin
DETECTION TECHNOLOGY PLC BUSINESS REVIEW JANUARY-MARCH 2017
ANNUAL
Dividend or
returned capital
30-60%