2012-05-02 07:30:00 CEST
2012-05-02 07:30:04 CEST
REGULATED INFORMATION
Scanfil Oyj - Company Announcement
SCANFIL EMS OY GROUP’S FIGURES FOR 2011 AS COMPARISON DATA FOR SCANFIL PLC
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, 6.6 13.6 19.3 20.8
cash equivalents
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 31.3.2011 30.6.2011 30.9.2011 31.12.2011
liabilities
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 10.6 10.6 10.6 10.6
equity fund
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 137.7 144.1 138.4 129.4
liabilities
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 0.0 -0.5 -0.5 -0.9
expenses
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 -0.6 -1.3 -2.6 -3.5
intangible assets
Sale of tangible and intangible 0.0 0.0 0.0 0.1
assets
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 2.2 3.9 9.7 16.5
cash equivalents
Cash and cash equivalents at 17.1 17.1 17.1 17.1
beginning of period
Changes in exchange rates -0.8 -0.9 0.6 1.6
Cash and cash equivalents at end of 18.5 20.1 27.4 35.2
period
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
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