SCANFIL PLC STOCK EXCHANGE RELEASE 11 MAY 2012 2.30 P.M.
SCANFIL EMS OY PURCHASED SIEVI PROPERTY FROM SIEVI CAPITAL PLC
Scanfil plc’s subsidiary Scanfil EMS Oy has purchased the production and office facilities with a total floor area of 26,000 square metres and the 19.3 hectare plot in Sievi from Sievi Capital plc. Scanfil EMS Oy has previously been the tenant in the facilities under a lease. The purchase price is EUR 4.2 million, and Scanfil EMS Oy will pay it using its liquid assets.
It is the company’s view that ownership of the premises will be more economically feasible in the long term than leasing. Scanfil EMS Oy Group owns all of the properties where it operates in China, Finland, Hungary and Estonia. The floor area of the production and office facilities totals 115,500 square metres.
The purchase of the property will not have effects on the profit forecast for 2012 issued by Scanfil plc.
CFO Marjo Nurkkala
Tel +358 8 4882 111
Distribution NASDAQ OMX, Helsinki
Scanfil Group is engaged in contract manufacturing for international telecommunications technology and professional electronics manufacturers. Scanfil has 35 years of experience in demanding contract manufacturing. Scanfil is a systems supplier that offers its products and services to international telecommunications systems manufacturers and professional electronics customers. Typical products are equipment systems for mobile and public switched telephone networks, automation systems, frequency converters, lift control systems, equipment and systems for electricity production and transmission, analysers, slot machines and different meteorological instruments. The company has production facilities in China, Estonia, Hungary and Finland.
The associated company of Scanfil Group:
Greenpoint Oy (Scanfil EMS Oy’s share of ownership 40%) focuses on development and supply of solutions and equipment, which improve placements, visibility and sales of customer products in the Point-Of-Sale. The Greenpoint product portfolio includes a large variety of refrigerated merchandisers, displays and integrated check-out zone concepts. The company serves both brand owners and retail chains internationally. Along with the European markets Greenpoint Oy has entered North and Latin American markets through partnerships. www.greenpoint.fi