Scanfil Oyj - Company Announcement

SCANFIL WILL CLOSE ITS FACTORY IN HUNGARY AND WILL FINALIZE THE RESTRUCTURING RELATED TO PARTNERTECH INTEGRATION

SCANFIL PLC           STOCK EXCHANGE RELEASE        10 NOVEMBER 2016   2.00 P.M.

SCANFIL WILL CLOSE ITS FACTORY IN HUNGARY AND WILL FINALIZE THE RESTRUCTURING
RELATED TO PARTNERTECH INTEGRATION 

Scanfil EMS Oy’s Hungarian subsidiary Scanfil Kft has on 10 November 2016
decided to close down the factory in Biatorbagy, Hungary.  The negative impact
on earnings resulting from the factory closing is estimated at approximately
EUR 1.3 million and an impact on earnings is mainly focused on the fourth
quarter of 2016. The plan is to conclude the actions during the second quarter
of 2017. 

Scanfil Kft employs about 200 workers and salaried employees at Biatorbagy
plant. Turnover of Scanfil Kft in 2015 was about EUR 13.6 million and operating
loss of approximately EUR 1.2 million. Closing the factory will finalize the
restructuring related to PartnerTech factory network integration. Existing
customers of Scanfil Kft will be served from other Scanfil’s factories in the
future. 



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.