Detection Technology Oyj Full Year 2023 Earnings: EPS Beats Expectations

Detection Technology Oyj (HEL:DETEC) Full Year 2023 Results

Key Financial Results

• Revenue: €103.8m (up 5.3% from FY 2022).
• Net income: €5.50m (up 7.6% from FY 2022).
• Profit margin: 5.3% (up from 5.2% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: €0.38 (up from €0.35 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Detection Technology Oyj EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Electronic industry in Finland.

Performance of the Finnish Electronic industry.

The company's shares are down 8.3% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Detection Technology Oyj's balance sheet health.

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