Scanfil maxes out on profit

Scanfil's turnover in the third quarter was EUR 50.4 million (48.2). Operating profit amounted to EUR 4.2 million (2.8), up approximately 53%. The positive development of turnover was mainly influenced by successful cost control and an increasing share of products with higher profit margins. “Business operations developed favourably during the third quarter. Turnover increased by approximately four % and operating profit multiplied by 1.5 times compared to the previous year. I am satisfied with the development of profitability, but we are aiming for faster growth in turnover," said Petteri Jokitalo, CEO of Scanfil plc. Scanfil continued its active sales efforts to expand the professional electronics customer base, particularly in Central Europe and China. The transformation of the structure of Scanfil's sales and customer base continued. Sales to professional electronics customers increased by more than 15% in January-September compared to the corresponding period the previous year and accounted for 82% of turnover (73%). Sales to telecommunication customers continued to decline and accounted for 18% (27%) of turnover. January – September

• Turnover totalled to EUR 143.1 million (1-9 2012 140.1), up 2.2%
• Operating profit EUR 9.3 (7.4), million 6.5% (5.3%) of turnover, up 26.3%
• Profit for the review period was EUR 6.3 (5.4) million, 15.9%

July – September

• Turnover totalled EUR 50.4 million (Q3 2012: 48.2), up 4.5%
• Operating profit EUR 4.2 (2.8) million, 8.4% (5.7%) of turnover, up 53.2%
• Profit was EUR 3.0 (1.7) million, up 77.8%