Standard of Excellence: The Human Touch in an Automated World
The Government Circuit: Navigating New Trade Headwinds and New Partnerships
Global Sourcing Spotlight: How to Evaluate Supplier Capabilities Worldwide
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.
Share on:
Testimonial
"Our marketing partnership with I-Connect007 is already delivering. Just a day after our press release went live, we received a direct inquiry about our updated products!"
Rachael Temple - AlltematedSuggested Items
Ecolab to Acquire Ovivo’s Electronics Ultra-Pure Water Business
08/15/2025 | EcolabEcolab Inc. has entered into a definitive agreement to acquire Ovivo’s Electronics business, a leading and fast-growing global provider of breakthrough ultra-pure water technologies for semiconductor manufacturing.
Eltek Ltd. Reports Strong Second-Quarter 2025 Results
08/14/2025 | PR NewswireEltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), today announced its financial results for the quarter ended June 30, 2025.
Magnachip Semiconductor Announces YJ Kim to Step Down as CEO; Current Board Chairman Camillo Martino Appointed Interim CEO
08/14/2025 | PR NewswireMagnachip Semiconductor Corporation today announced that YJ Kim has agreed to step down as CEO and as a member of the Board of Directors, effective immediately. Camillo Martino, Chairman of the Board of Directors, has also been appointed Interim Chief Executive Officer, effective immediately.
Amidst U.S. Strategy Shift, Foxconn Sells Lordstown, Ohio Plant for $88 Million
08/07/2025 | I-Connect007 Editorial TeamAs part of a strategic shift in its US operations, Taiwan-based Foxconn (Hon Hai Precision Industry’s) subsidiaries are selling off assets at its Lordstown, Ohio, facility, the company announced on Aug. 4.
Element Solutions Inc Reports Strong Growth in Second Quarter 2025 Financial Results
08/01/2025 | Element Solutions Inc.Element Solutions Inc, a global and diversified specialty chemicals company, today announced its financial results for the three and six months ended June 30, 2025.