SCANFIL PLC STOCK EXCHANGE RELEASE 15 September 2014 10.15 A.M.
SCANFIL PLC’S CHANGES THE OUTLOOK FOR THE YEAR 2014
Due to better than expected profitability in the third quarter Scanfil plc changes its estimate of operating profit in 2014, estimating that the operating profit will amount to EUR 14,5 – 16,0 million. Turnover is expected to increase by 11-18%, in line with the previous guidance.
Continued strong customer demand and improving operational performance among others contributed to the favourable development.
Scanfil previously estimated that in 2014, its turnover would increase by 11–18% and its operating profit would be EUR 13.0 – 15.0 million.
CEO Petteri Jokitalo
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 almost 40 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, Germany, Hungary and Finland.