Scanfil Oyj
OMXH:SCANFL
Scanfil Oyj
Scanfil Oyj designs, manufactures, and supplies products for the electronics industry. The company is headquartered in Sievi, Oulun and currently employs 3,282 full-time employees. The company went IPO on 2011-12-30. The Company’s telecommunications products comprise equipment systems for mobile and telecommunications networks, network integration, as well as assembly and testing of telecommunications modules. Its electronic products include box-build electronic products, electronic modules, backplanes, assembled circuit boards, as well as cable assemblies. Additionally, the Company offers supply chain management services, such as sourcing and purchasing, planning of production processes and technologies, manufacture of prototype series, transfer to serial production, product testing, as well as logistics management. The Company’s activities are divided into two geographical segments: Asia, which operates two subsidiaries in China; and Europe, including operations in Finland, Hungary and Estonia. The firm operates Partner Tech AB is a majority owned subsidiary.
Scanfil Oyj designs, manufactures, and supplies products for the electronics industry. The company is headquartered in Sievi, Oulun and currently employs 3,282 full-time employees. The company went IPO on 2011-12-30. The Company’s telecommunications products comprise equipment systems for mobile and telecommunications networks, network integration, as well as assembly and testing of telecommunications modules. Its electronic products include box-build electronic products, electronic modules, backplanes, assembled circuit boards, as well as cable assemblies. Additionally, the Company offers supply chain management services, such as sourcing and purchasing, planning of production processes and technologies, manufacture of prototype series, transfer to serial production, product testing, as well as logistics management. The Company’s activities are divided into two geographical segments: Asia, which operates two subsidiaries in China; and Europe, including operations in Finland, Hungary and Estonia. The firm operates Partner Tech AB is a majority owned subsidiary.
Revenue Growth: Scanfil reported revenue of EUR 202.2 million in Q2, up 3.4% year-on-year, reflecting improving momentum and strong customer activity.
Profitability: EBITDA for Q2 was EUR 14.2 million with a margin of 7%, showing solid profitability and an improvement from the previous quarter.
New Business & M&A: The company announced significant new contracts, especially in Medtech and Life Science, and completed two strategic acquisitions to expand its US and Southern Europe presence.
Organic Growth Outlook: While organic growth remained slightly negative (-1.1%), management expects a return to positive organic growth in Q3 and Q4 2024.
Strong Cash Flow: Positive cash flow continued with EUR 23 million generated in Q2, and inventory reduction efforts remain on track.
Guidance Unchanged: Management reaffirmed its previous outlook and financial guidance, as the business is progressing as planned.
Regional & Segment Performance: Strong demand in Americas and APAC regions, with Energy & Cleantech expected to improve in the second half of the year.
