Scanfil Oyj

Scanfil Oyj announced that it will release its interim report for January-September 2024 on October 25 at 8:00 a.m. EEST. For the first time, the report will be presented in person in Stockholm by CEO Christophe and CFO Kai Valo at Carnegie Investment Bank. The event, held in English, will start at 10:00 a.m. EEST and will also be broadcast live online. Registration is required via email. A recording and presentation materials will be available on the company's website later. Scanfil, Europe's largest listed provider of electronics manufacturing services, had a turnover of EUR 902 million in 2023. It serves global leaders in various sectors and aims to enhance customer value by improving competitiveness and being a primary supply chain and manufacturing partner. Scanfil operates 11 production facilities across three continents.

Scanfil Oyj has acquired SRXGlobal Pty Ltd. for EUR 23.3 million to strengthen its presence in the Asia Pacific region and advance its strategic goals. SRX, with factories in Australia and Malaysia, employs around 300 people and specializes in complex, high-mix, low-to-medium volume production. The acquisition is expected to create synergies in procurement, enhance geographic diversification, and expand Scanfil's customer portfolio. SRX's CEO, Paul Appleby, expressed optimism about the alignment of company values and the potential for growth under Scanfil's ownership. The financial impact on Scanfil is minimal, and the acquisition will not alter its 2024 financial outlook. An online presentation about the transaction is scheduled for October 4th.

Scanfil Oyj announced changes to its Management Team and reporting segments effective from January 1, 2025, aimed at driving growth and profitability. The new management structure will be organized around four regions: APAC, Central Europe, Northern Europe, and the Americas, each led by a regional Vice President responsible for financial targets and operational performance. CEO Christophe Sut emphasized the importance of regional expertise in M&A and customer acquisition. Timo Sonninen, the current COO, will retire on November 30, 2024, and serve as a transformation advisor until the end of December 2024. The updated Management Team includes Christophe Sut (CEO), Kai Valo (CFO), Anette Mullis (CPO), Christina Wiklund (CCO), Riku Hynninen (CTO), Steve Creutz (VP of Northern Europe), Christian Kesten (VP of APAC), Markku Kosunen (VP of Central Europe), and Christophe Sut as the acting VP of Americas. Comparison figures for the new reporting segments will be released in Q1 2025. Scanfil, a leading EMS provider in Europe, reported a turnover of EUR 902 million in 2023 and serves various global sectors with comprehensive manufacturing and supply chain services.

Scanfil Oyj and its customer INVISIO are inviting investors, analysts, and media to a factory tour in Malmö. The event begins with a dinner on Thursday, 19 September 2024, followed by the factory tour and presentations on Friday, 20 September. The tour will be conducted in English at Scanfil's Malmö factory located at Bronsyxegatan 6 B, 213 75 Malmö, Sweden. Interested participants should register by 13 September 2024 via www.scanfil.com/investors/factory-tour-2024, where a preliminary program is also available. Presentation materials will be posted on Scanfil’s website after the event. For more information, contact Pasi Hiedanpää, Director of Investor Relations and Communications, at +358 50 378 2228 or pasi.hiedanpaa@scanfil.com. Scanfil is Europe’s largest listed provider of electronics manufacturing services, with a 2023 turnover of EUR 902 million, serving various global sectors. The company aims to enhance customer value and competitiveness, operating nine production facilities across three continents.

Scanfil Oyj released its half-year financial report on August 6, 2024, outlining solid operational performance and preparations for growth despite challenging market conditions. The company revised its 2024 turnover estimate to EUR 780–840 million and adjusted operating profit to EUR 54–61 million. Key figures for Q2 2024 show a turnover of EUR 195.5 million, a 19.7% decrease from Q2 2023, and an operating profit of EUR 13.9 million, a 20.6% decrease. The net profit for the quarter was EUR 10.8 million, down 25.4%, with earnings per share at EUR 0.17. CEO Christophe Sut highlighted the company's resilience and efficiency improvements, achieving a 7.1% profit margin despite lower demand and destocking. Financial stability was noted with a gearing ratio of 10.8% and an equity ratio of 55.4%. Inventory management improved, reducing inventories by EUR 24.5 million in H1. New projects worth EUR 40 million were secured in Q2, and EUR 84 million in H1. Segment-wise, the Industrial segment saw a turnover decrease of 19.6% in Q2, and the Energy & Cleantech segment declined by 26.1%. The Medtech & Life Science segment showed signs of stabilization with a 4.9% decrease in turnover. The company continues to focus on operational efficiency and strategic investments, including the expansion of the Sieradz factory. The report also mentions an online conference for analysts, investors, and media scheduled for August 6, 2024, with presentations by the CEO and CFO. Scanfil aims to continue its growth strategy, maintaining a strong balance sheet to support future projects.

Scanfil Oyj announced that it will publish its half-year report for January-June 2024 on Tuesday, 6 August 2024, at approximately 8:00 a.m. EEST (7:00 a.m. CEST). An online meeting for analysts, investors, and media will be held in English on the same day at 10:00 a.m. EEST (9:00 a.m. CEST), where CEO Christopher Sut and CFO Kai Valo will present the results. Attendees can ask questions via chat, which will be addressed at the end of the meeting. The webcast and presentation material will be available on the company's website later that day. Scanfil is Europe’s largest listed provider of electronics manufacturing services, with a 2023 turnover of EUR 902 million, serving sectors such as Industrial, Energy & Cleantech, and Medtech & Life Science. The company aims to enhance customer value and competitiveness through its comprehensive services and long-term partnerships.

Scanfil Plc har utnämnt Anette Mullis till HR-chef och medlem i ledningsgruppen, med start senast den 30 oktober 2024. Denna roll är ny inom företaget och Mullis kommer att rapportera direkt till VD Christophe Sut. VD:n uttrycker att Mullis' erfarenhet och strategiska inställning till HR kommer att bidra till företagets strategi och anser att medarbetarna är en viktig tillgång. Mullis har över 20 års erfarenhet inom strategiskt HR-arbete från flera internationella organisationer och kommer senast från Arelion. Scanfil Plc är en stor europeisk kontraktstillverkare av elektronik med en omsättning på 902 miljoner euro 2023, och betjänar flera globala affärsområden.

On 10 June 2024, Scanfil Oyj announced a revision of its turnover and operating profit forecasts for 2024, citing soft market demand due to destocking and economic uncertainty. The new estimates for 2024 are a turnover of EUR 780–840 million and an adjusted operating profit of EUR 54–61 million, down from the previous estimates of EUR 820–900 million turnover and EUR 57–65 million adjusted operating profit. Scanfil will publish its January-June half-year report on 6 August 2024. The company, a major provider of electronics manufacturing services in Europe, reported a turnover of EUR 902 million in 2023 and serves various global sectors.

Scanfil plc has released its interim report for Q1 2024, showing a decrease in turnover and operating profit compared to the same period in 2023. The company's turnover for the first quarter of 2024 was €198.9 million, down 11.5% from €224.6 million in Q1 2023, while operating profit was €12.7 million, a decrease of 15.8% from €15.1 million. However, the company's CEO, Christophe Sut, highlighted improved operational efficiency and preparations for future growth. Despite the lower turnover, Scanfil managed to reduce its overall inventory by €10.3 million and improved its on-time delivery rate to 98%. The company's outlook for 2024 estimates a turnover of €820-900 million and an adjusted operating profit of €57-65 million.

Scanfil Oyj will publish its interim report for January-March 2024 on 24 April 2024 at 8 a.m. EEST. The company will also hold an online meeting for analysts, investors, and media on the same day at 10 a.m. EEST. The meeting will be led by CEO Christopher Sut and CFO Kai Valo, and participants will have the opportunity to ask questions. An on-demand version of the webcast and the presentation material will be available on the company's website later the same day. Scanfil is an international manufacturing partner and system supplier for the electronics industry with over 45 years of experience.