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2016-02-02

Detection Technology Oyj: DETECTION TECHNOLOGY PLC'S FINANCIAL STATEMENTS REVIEW JANUARY-DECEMBER 2015

Detection Technology Plc Company Announcement February 2, 2016 at 09.00 (CET
+1)

DETECTION TECHNOLOGY PLC'S FINANCIAL STATEMENTS REVIEW JANUARY-DECEMBER 2015

Detection Technology reports strong net sales and profit growth

Fourth quarter 2015 highlights

* Net sales increased by 56.4% to EUR 15.21 million (9.73)
* Net sales of Security and Industrial Business Unit (SBU) grew 68.7% and
Medical Business Unit (MBU) 37.0%
* Operating profit (EBIT) excluding non-recurring items (NRI) was EUR 2.43
million (1.08)
* Operating profit margin (EBIT-%) excluding NRI was 16.0% of net sales
(11.2%)
* NRI related to DT's new factory was EUR -0.69 million
* R&D costs totaled EUR 1.36 million (1.18), 8.9% of net sales (12.1%)
* Strong and escalating demand from the security imaging market
* Fast ramp up of the new factory enabled high sales volume

Full-year 2015 highlights

* Net sales increased by 29.2% to EUR 42.78 million (33.11)
* Net sales of SBU grew 31.0% and MBU 26.4%
* Operating profit (EBIT) excluding NRI amounted to EUR 4.54 million (4.13)
* Operating profit margin (EBIT-%) excluding NRI was 10.6% of net sales
(12.5%)
* NRI relating to DT's new factory amounted to EUR -1.10 million
* R&D costs totaled EUR 5.70 million (4.12), 13.3% of net sales (12.4%)
* Capital expenditure was EUR 4.77 million (1.28)
* DT was listed on the NASDAQ First North Finland market place on March 16,
2015

President and CEO, Hannu Martola:

"Our fourth quarter results were strong. Net sales grew 56.4%, and operating
profit totaled 2.43 million euros. The positive growth in sales and
production volumes for old and new customers in both of our business units
led to exceptional growth. The strong market demand in the Security and
Industrial Business Unit (SBU) was mainly driven by increasing security
concerns. The growth in our Medical Business Unit (MBU) was an outcome of
rising volumes in our newer projects.

Net sales of the SBU grew 68.7 % in the last quarter. We were well positioned
to meet the demand through our wide product portfolio and strong presence in
Asia. However, high quarterly volatility is typical for our business. The
last quarter's sales were a significant achievement, and it will be
challenging for us to improve this in 2016.

The production was ramped up faster than expected in our new Beijing factory
and enabled us the high delivery output. As the factory is now up and
running, the investment is fully supporting our strategic targets.

What comes to the other cornerstones of our strategy, we have strengthened our
position in US and broadened the technology and customer bases. Costs related
to these had an impact on our profitability, but will support our annual
growth target in a mid-term period."

Key figures

----------------------------------------------------------------------------------------------------------------
| (EUR 1 000) Q4 2015 Q4 2014 Change % 2015 2014 Change % |
| Net sales 15 212 9 725 56.42% 42 782 33 112 29.2% |
| Net sales growth % 56.4% 10.7% 29.2% 9.2% |
| Operating profit (EBIT) excl. NRI* 2 433 1 084 124.3% 4 534 4 127 9.9% |
| Operating profit (EBIT) % excl. NRI 16.0% 11.2% 10.6% 12.5% |
| Non-recurring items (NRI) ** 688 398 1 098 1 048 |
| Operating profit 1 741 686 153.6% 3 437 3 079 11.6% |
| Operating profit margin % 11.44% 7.1% 8.0% 9.3% |
| R&D costs 1 357 1 178 15.2% 5 696 4 121 38.2% |
| R&D costs, % of net sales 8.9% 12.1% 13.3% 12.4% |
| Cash flow from operating activities 5 355 2 090 156.2% 2 622 3 085 -15.0% |
| Net interest bearing debt at end of period -5 444 8 678 -162.7% -5 444 8 678 -162.7% |
| Capital expenditure 3 450 1 133 204.5% 4 770 1 280 272.7% |
| Gearing, % -25.8% 654.0% -25.8% 654.0% |
| Earnings per share, EUR 0.10 0.31 -67.2% 0.07 1.45 -95.1% |
| Earnings per share diluted, EUR*** 0.10 0.05 123.6% 0.07 0.21 -66.3% |
| Number of shares at the end of the period 12 950 975 1 900 195 12 950 975 1 900 195 |
----------------------------------------------------------------------------------------------------------------
*As of 2015 DT has made a change in the treatment of potential future warranty
costs and makes a provision of 1.5% of net sales. The warranty provision
affects the January-December 2015 operating profit by EUR 0.60 million.
** In Q4/2014 DT recognized EUR 0.4 million of non-recurring quality and NPI
costs. In 2014, DT recognized EUR 1.0 million of non-recurring quality and
NPI costs.
***The earnings per share information for 2014 figures was computed as if the
shares issued in conjunction with the IPO had been outstanding for the entire
comparison period.

Business outlook for 2016

Detection Technology's sales outlook is in accordance with its medium term
target to increase sales by at least 15% per annum. DT forecasts its
profitability to develop in accordance with its medium term target of
operating margin at or above 15%. R&D costs as a percentage of net sales in
2016 are expected to be lower than in 2015. The outlook is based on the
current market activity and the company's position in the market.

This release is a summary of Detection Technology's financial statements
review January-September 2015. The complete financial statements review is
attached to this release as a pdf-file and can also be found on the company's
websitewww.deetee.com/investors/financial-information.html

Detection Technology Plc
Board of Directors

For more information:

President and CEO Hannu Martola will be available for interviews and further
information on the release date at 9-11 a.m. (CET+1).

Hannu Martola, President and CEO
+358 500 449 475
hannu.martola@deetee.com

Nordea is the company's Certified Advisor under First North rules.

Detection Technology Plc

Detection Technology is a global provider of X-ray imaging subsystems and
components for medical, security and industrial applications. Detection
Technology's net sales totaled EUR 43 million in 2015. The company has around
160 active customers in 40 countries. Detection Technology employs 340 people
in Finland, China and the US. The company's shares are listed at the NASDAQ
First North Finland.

DISTRIBUTION:
NASDAQ OMX Helsinki
Key media
www.deetee.com

Detection Technology Plc Financial Statements Review 2015
http://hugin.info/167409/R/1982933/726624.pdf

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Detection Technology Oyj via Globenewswire

HUG#1982933

Författare WKR

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