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- HLSE:DETEC
Detection Technology Oyj Second Quarter 2024 Earnings: Revenues Beat Expectations
Detection Technology Oyj (HEL:DETEC) Second Quarter 2024 Results
Key Financial Results
- Revenue: €26.2m (up 3.7% from 2Q 2023).
- Net income: €2.23m (up 391% from 2Q 2023).
- Profit margin: 8.5% (up from 1.8% in 2Q 2023). The increase in margin was primarily driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Detection Technology Oyj Revenues Beat Expectations
Revenue exceeded analyst estimates by 3.0%.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Finland.
Performance of the Finnish Electronic industry.
The company's shares are up 7.1% from a week ago.
Risk Analysis
Be aware that Detection Technology Oyj is showing 1 warning sign in our investment analysis that you should know about...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About HLSE:DETEC
Detection Technology Oyj
Engages in the provision of X-ray detector solutions for industrial, medical, and security applications in Finland and internationally.
Flawless balance sheet with reasonable growth potential.