SCANFIL PLC STOCK EXCHANGE RELEASE 1 MARCH 2012 at 9.55 A.M.
SCANFIL PLC’S CHANGES THE OUTLOOK FOR FIRST QUARTER
Due to the damages as ordered in favour of Scanfil EMS Oy the court of arbitration the operating profit for the first quarter is estimated to be positive. Damages do not change the outlook for the whole year 2012.
According to Scanfil’s earlier view, full-year turnover and operating profit will decrease clearly compared to 2011 (Scanfil EMS Oy group’s turnover for 2011 was EUR 210.8 million and operating profit EUR 9.1 million). The result for the first quarter will be negative due to factors such as the weak seasonal demand, expected adaptation costs and the demerger and listing costs. Full-year operating profit is, however, expected to be clearly profitable.
CEO Harri Takanen
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