The Finnish company Scanfil with production facilities in among other places China has upgraded its expected turnover for 2013 following its newly released half year result which showed a EUR 0.9 million higher turnover this year than in 2012.
The turnover totalled EUR 92.8 million for the first six months. The operating profit went, however, down to EUR 3.1 million compared to EUR 3.2 million after the first six months in 2013 and the bottom line dropped from EUR 2.6 million in the 1st half last year to EUR 2.1 million in the 1st half of this year.
Scanfil’s new estimated outlook for 2013 is a turnover and operating profit for 2013 that will be slightly higher compared to the year 2012.
The reason for the upgrade is among others according to Petteri Jokitalo, CEO of Scanfil plc, that the operating profit would have increased by about 30% if non-recurring items of 2012 and 2013 were excluded.
Scanfil Group comprises the parent company Scanfil plc, and a subgroup called Scanfil EMS Oy, which is engaged in contract manufacturing business. Scanfil Group 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.