© Electronics Production | February 25, 2014

Scanfil ends with a strong quarter

Scanfil saw its profitability improve over the year, that along with a substantial increase in turnover, especially in the fourth quarter, which increased 11.2 %.

Petteri Jokitalo, CEO of Scanfil plc: “The year 2013 was good for Scanfil despite the fact that the overall demand situation on many markets remained difficult. Scanfil's turnover increased in 2013 and the company was also able to improve its profitability. Global megatrends had a positive impact on the performance of many professional electronics customers and thus also on Scanfil's business. Demand for professional electronics products increased from the year 2012 and it accounted for about 82% of Scanfil's turnover in 2013.” January – December
  • Turnover totalled EUR 188.5 million (2012: EUR 180.9 million), up 4.2%
  • Operating profit EUR 11.8 (8.1) million, 6.3% (4.5%) of turnover
  • Profit for the review period was EUR 8.2 (5.7) million
October – December
  • Turnover totalled EUR 45.4 million (Q4 2012: 40.8), up 11.2%
  • Operating profit EUR 2.5 (0.7) million, 5.6% (1.8%) of turnover
The Group’s turnover for January - December was EUR 188.5 (180.9) million. The breakdown of turnover by regional segment was as follows: Europe 58% (59%) and Asia 42% (41%). Scanfil estimates that its turnover for 2014 will increase by between 4 and 10% and that the operating profit for the year will reach EUR 10.0-14.0 million.
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