Scanfil›SCANFIL EMS OY GROUP’S FIGURES FOR 2011 AS COMPARISON DATA FOR SCANFIL PLC

SCANFIL EMS OY GROUP’S FIGURES FOR 2011 AS COMPARISON DATA FOR SCANFIL PLC

2.5.2012

2.5.2012 08:30:00 EEST | Scanfil Oyj |
Company Announcement

SCANFIL PLC       STOCK EXCHANGE RELEASE     2 MAY 2012  8.30 A.M

SCANFIL EMS OY GROUP’S FIGURES FOR 2011 AS COMPARISON DATA FOR SCANFIL PLC

The new company Scanfil plc was formed in the partial demerger of Sievi Capital plc executed on 1 January 2012, in which the contract manufacturing business (Scanfil EMS Oy Group) was demerged into a new publicly listed company.

Scanfil plc’s business operations consist of contract manufacturing operations, and since Scanfil plc has no comparison figures for 2011, the company publishes Scanfil EMS Oy Group’s figures for 2011 as comparison data which are presented in tables below. Scanfil plc will publish its interim report for first quarter on 2 May 2012:

 

CONSOLIDATED INCOME STATEMENT        
EUR million          
  1 – 3 4 – 6 7 – 9 10 – 12 1 – 12
  2011 2011 2011 2011 2011
           
Turnover 58.8 62.0 51.2 38.8 210.8
Other operating income 0.1 0.1 0.1 0.2 0.4
Changes in inventories of finished goods          
and work in progress 0.1 0.7 -1.7 -0.2 -1.1
Expenses -54.3 -57.6 -46.2 -38.8 -196.9
Depreciation -1.1 -1.0 -1.0 -1.0 -4.2
Operating profit 3.6 4.2 2.3 -0.9 9.1
Financial income and expenses 0.1 -0.2 -0.9 -0.5 -1.5
Share in the associated company’s profit -0.1 -0.1 -0.1 0.9 0.6
Profit before taxes 3.6 3.9 1.4 -0.6 8.2
Income taxes -0.9 -0.9 -0.7 0.5 -2.0
Net profit for the period 2.6 3.0 0.7 -0.1 6.3
           
Attributable to:          
Equity holders of the parent 2.6 3.0 0.7 -0.1 6.3
           
           
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME    
EUR million          
  1 – 3 4 – 6 7 – 9 10 – 12 1 – 12
  2011 2011 2011 2011 2011
           
Net profit for the period 2.6 3.0 0.7 -0.1 6.3
Other comprehensive income:          
Translation differences -2.7 -0.2 4.2 2.7 4.1
Derivative financial instrument       -0.7 -0.7
Other comprehensive income, net of tax -2.7 -0.2 4.2 2.1 3.4
Total Comprehensive Income -0.1 2.8 4.9 2.0 9.7
           
Attributable to:          
Equity holders of the parent -0.1 2.8 4.9 2.0 9.7

 

 

CONSOLIDATED STATEMENT OF FINANCIAL POSITION    
EUR million        
         
Assets 31.3.2011 30.6.2011 30.9.2011 31.12.2011
         
Non-current assets        
Property, plant and equipment 26.0 25.8 26.7 27.0
Goodwill 2.2 2.2 2.2 2.2
Other intangible assets 3.5 3.5 3.7 3.8
Shares in associated companies 1.3 1.2 1.2 1.1
Available-for-sale investments 0.0 0.0 0.0 0.0
Receivables 0.3 0.3 0.3 0.3
Deferred tax assets 0.3 0.3 0.3 0.5
Total non-current assets 33.7 33.4 34.4 35.0
         
Current assets        
Inventories 35.1 36.2 33.3 31.2
Trade and other receivables 50.2 54.1 42.6 27.6
Advance payments 0.2 0.3 0.5 0.1
Current tax 0.0 0.0 0.2 0.3
Available-for-sale investments, cash equivalents 6.6 13.6 19.3 20.8
Cash and cash equivalents 11.9 6.5 8.2 14.4
Total current assets 104.0 110.7 103.9 94.4
         
Total assets 137.7 144.1 138.4 129.4
         
         
Shareholder’s equity and liabilities 31.3.2011 30.6.2011 30.9.2011 31.12.2011
         
Equity        
Share capital 2.0 2.0 2.0 2.0
Other reserves 5.0 5.5 5.5 4.9
Translation differences 2.5 2.3 6.5 9.2
Reserve for invested unrestricted equity fund 10.6 10.6 10.6 10.6
Retained earnings 39.4 41.9 42.6 42.6
Total equity 59.5 62.3 67.2 69.3
         
Non-current liabilities        
Deferred tax liabilities 0.2 0.2 0.2 0.1
Provisions 0.2 0.3 0.4 0.3
Interest bearing liabilities 35.6 35.6 31.1 27.4
Other liabilities 1.0 1.0 1.0 0.1
Total non-current liabilities 36.9 37.0 32.7 27.8
         
Current liabilities        
Trade and other liabilities 36.2 39.5 29.3 23.1
Current tax 0.6 0.8 0.3 0.0
Interest bearing liabilities 4.4 4.4 8.9 9.1
Total current liabilities 41.2 44.8 38.5 32.3
         
Total liabilities 78.2 81.8 71.2 60.1
         
Total shareholder’s equity and liabilities 137.7 144.1 138.4 129.4

 

 

CONSOLIDATED CASH FLOW STATEMENT      
EUR million        
  31.3.2011 30.6.2011 30.9.2011 31.12.2011
Cash flow from operating activities        
Net profit 2.6 5.6 6.3 6.3
Adjustments for the net profit 2.0 4.4 7.1 6.9
Change in net working capital 1.9 0.2 5.1 17.7
Paid interests and other financial expenses 0.0 -0.5 -0.5 -0.9
Interest received 0.0 0.0 0.2 0.2
Taxes paid -0.9 -1.7 -3.0 -2.9
Net cash from operating activities 5.6 8.1 15.2 27.3
         
Cash flow from investing activities        
Investments in tangible and intangible assets -0.6 -1.3 -2.6 -3.5
Sale of tangible and intangible assets 0.0 0.0 0.0 0.1
Granted loans -0.1 -0.1 -0.1 -0.1
Net cash from investing activities -0.7 -1.4 -2.7 -3.6
         
Cash flow from financing activities        
Repayment of short-term loans -2.8 -2.8 -2.8 -2.8
Repayment of long-term loans       -4.4
Net cash from financing activities -2.8 -2.8 -2.8 -7.2
         
Net increase/decrease in cash and cash equivalents 2.2 3.9 9.7 16.5
         
Cash and cash equivalents at beginning of period 17.1 17.1 17.1 17.1
Changes in exchange rates -0.8 -0.9 0.6 1.6
Cash and cash equivalents at end of period 18.5 20.1 27.4 35.2

 

 

KEY INDICATORS        
  1 – 3 1 – 6 1 – 9 1 – 12
  2011 2011 2011 2011
         
Return on equity, % 17.6 18.5 13.3 9.7
Return on investment, % 13.9 15.5 12.5 9.5
Interest-bearing liabilities, EUR million 40.0 40.0 40.0 36.5
Gearing, % 36.2 31.9 18.7 1.9
Equity ratio, % 43.2 43.3 48.6 53.6
Gross investments in fixed assets, EUR million 0.4 1.5 2.7 3.7
% of net turnover 0.8 1.2 1.6 1.8
Personnel, average 2 293 2 101 2 082 2 024
         

 

 

SEGMENT INFORMATION        
EUR million        
  1 – 3 1 – 6 1 – 9 1 – 12
  2011 2011 2011 2011
Turnover        
Europe 37.4 71.5 102.4 125.7
Asia 23.5 53.2 75.1 91.6
Turnover between segments -2.2 -3.0 -5.5 -6.5
Total 58.8 121.7 172.0 210.8
         
Operating profit        
Europe 1.4 3.2 4.2 3.4
Asia 2.1 4.5 5.8 5.7
Total 3.6 7.7 10.0 9.1
         
Assets        
Europe 69.8 67.7 66.8 62.4
Asia 64.3 72.9 68.2 63.6
Goodwill 2.2 2.2 2.2 2.2
Financial assets 1.3 1.2 1.2 1.1
Total 137.7 144.0 138.4 129.4

 

SCANFIL PLC

Harri Takanen
CEO

 

Additional information:
CEO Harri Takanen
Tel +358 8 4882 111

 

Distribution         NASDAQ OMX, Helsinki
                         Major Media
                         www.scanfil.com

 

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