Scanfil Oyj - Company Announcement

STATUTORY NEGOTIATIONS AT SCANFIL VANTAA OY CLOSED

SCANFIL PLC           STOCK EXCHANGE RELEASE        1 NOVEMBER 2016   14.00 P.M.

STATUTORY NEGOTIATIONS AT SCANFIL VANTAA OY CLOSED

The statutory employer-employee negotiations at Scanfil Sweden AB’s Finnish
subsidiary, Scanfil Vantaa Oy, due to production and financial reasons and
business restructuring have been closed. 

Based on the result of the negotiations, Scanfil Vantaa Oy’s Board of Directors
has on 1 November 2016 decided to start the closing down the production of the
plant.  Total of 56 workers and salaried employees at Vantaa plant will be made
redundant. Eight employees continue to work in development, quality and sales
within the company. The negative impact on earnings resulting from the factory
closing is estimated at approximately EUR 0.4 million. The plan is to conclude
the actions by 30 June 2017 and an impact on earnings is mainly focused on
fourth quarter 2016. 

Turnover of Scanfil Vantaa Oy in 2015 was about EUR 16.4 million and operating
loss of approximately EUR 0.08 million. 


SCANFIL PLC

Petteri Jokitalo
CEO



Additional information:
CEO Petteri Jokitalo
Tel +358 8 4882 111



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



Scanfil is an international contract manufacturer and system supplier for the
electronics industry with 40 years of experience in demanding contract
manufacturing. Scanfil provides its customers with an extensive array of
services, ranging from product design to product manufacturing, material
procurement and logistics solutions. Vertically integrated production and a
comprehensive supply chain are the foundation of Scanfil’s competitive
advantages: speed, flexibility and reliability. 

Typical Scanfil products include mobile and communications network devices,
automation system modules, frequency converters, lift control systems,
analysers, various slot and vending machines, and devices related to medical
technology and meteorology. Scanfil services are used by numerous international
automation, energy, IT and health service providers, as well as companies
operating in the field of urbanisation. Scanfil’s network of factories consists
of 12 production units in Europe, Asia and North America. The total number of
employees is 3,500.