Scanfil Oyj

Scanfil Oyj announced a manager's transaction involving Markku Kosunen, a senior manager at the company. The transaction, which took place on October 28, 2024, involved the disposal of shares on NASDAQ Helsinki Ltd. A total of 11,384 shares were disposed of at a volume-weighted average price of 7.89564 EUR. Scanfil Oyj is a leading European Electronics Manufacturing Service company with a turnover of EUR 902 million in 2023, serving sectors such as Industrial, Energy & Cleantech, and Medtech & Life Science. For more information, contact Pasi Hiedanpää, Director of Investor Relations and Communications.

On October 31, 2024, Scanfil Plc reported a manager's transaction involving Markku Kosunen, a senior manager at the company. The transaction, dated October 30, 2024, involved the acceptance of a stock option linked to Scanfil's 2022C stock option program. The volume of the transaction was 20,000 units, with a unit price of 0.00 EUR. For further information, Pasi Hiedanpää, Director of Investor Relations and Communications, can be contacted. Scanfil Plc is a leading European Electronics Manufacturing Service company with a turnover of EUR 902 million in 2023, serving various global industry sectors.

On October 31, 2024, Scanfil Plc reported a manager's transaction involving Steve Creutz, a senior manager. The transaction, dated October 30, 2024, involved the acceptance of a stock option linked to the Scanfil 2022C financial instrument. The transaction volume was 20,000 units with a unit price of 0.00 EUR. For further information, Pasi Hiedanpää, Director of Investor Relations and Communications at Scanfil, can be contacted. Scanfil Plc is a leading European Electronics Manufacturing Service company with a turnover of EUR 902 million in 2023, serving industries such as Industrial, Energy & Cleantech, and Medtech & Life Science.

On October 25, 2024, Scanfil plc's Board of Directors decided to distribute stock option rights to key personnel within the company. A total of 370,000 option rights were allocated, with the CEO Christophe Sut receiving 120,000, members of the Management Team receiving 20,000 each, and other key personnel receiving a total of 130,000. These option rights, labeled "2022CI" and "2022CII," allow holders to subscribe for one new or existing share per option. The subscription period runs from May 1, 2027, to April 30, 2029, contingent upon meeting specific production and financial goals set by the Board. The options were distributed free of charge, with the subscription price based on the average share price on Nasdaq Helsinki during November 2024. This distribution follows an authorization from the Annual General Meeting in April 2022 to issue up to 1,200,000 stock options. Scanfil plc is a leading European electronics manufacturing services provider with significant global reach and operations across three continents.

Scanfil Oyj's interim report for January-September 2024 highlights the company's ability to maintain its profit margins despite challenging market conditions. The company revised its 2024 outlook, estimating a turnover of EUR 780-840 million and an adjusted operating profit of EUR 54-61 million. In the third quarter, turnover decreased by 18.6% compared to the previous year, while the adjusted operating profit was EUR 12.4 million, maintaining a 7.2% margin. Net profit for the quarter was EUR 8.7 million, a 20.7% decrease from the previous year. Scanfil's financial position remains strong, with a significant reduction in net debt and improved inventory management. The company continues to secure new contracts and projects, particularly in the Industrial, Energy & Cleantech, and Medtech & Life Science segments. Scanfil also announced its first acquisition since 2019, acquiring SRXGlobal to enhance its presence in the APAC region. The company expects the fourth quarter to be the strongest of the year and is committed to implementing its growth strategy through efficiency improvements, new customer contracts, and mergers and acquisitions.

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.