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Scanfil Reports Preliminary Revenue Growth in 2016
January 18, 2017 | ScanfilEstimated reading time: 1 minute
Scanfil plc's preliminary turnover for 2016 amounted to approximately €508 million (2015: €377 million), while operating profit before adjustments amounted to approximately €22.3 million (2015: €19.6 million). Total adjustments were approximately €15.2 million in 2016 and preliminary operating profit for 2016 amounted to approximately €7.1 million (2015: €14 million). The figures are based on unaudited preliminary financial results for the reporting period.
"In 2016, we went through a major restructuring related to PartnerTech integration. Integrating the companies, eliminating of overlapping activities as well as restructuring of unprofitable factories proceeded as planned. Our continuing factory network consists of 10 factories—the reduction from 17 factories at the beginning of 2016—and our costs structure is now significantly lighter. Now, our existing factories have needed customer balance and volumes and our operating model is lighter, more transparent and agile," says Petteri Jokitalo, CEO of Scanfil.
Guidance for 2016 announced on October 21, 2016:
Scanfil specifies its estimate of its turnover and operating profit in 2016, estimating that the turnover will be €500–520 million and the operating profit before adjustments will amount to €22–25 million.
Publication of the Financial Statement Release
Scanfil plc will release the 2016 Financial Statements Bulletin on Friday 24 February 2017. The Annual Report 2016 including Financial Statements will be available during week 12 in March 2017.
About Scanfil
Scanfil is an international contract manufacturer and system supplier for the electronics industry with 40 years of experience in demanding contract manufacturing. Scanfil provides its customers with an extensive array of services, ranging from product design to product manufacturing, material procurement and logistics solutions. Vertically integrated production and a comprehensive supply chain are the foundation of Scanfil’s competitive advantages: speed, flexibility and reliability.
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