2015-02-24 09:15:00 CET
2015-02-24 09:15:03 CET
REGULATED INFORMATION
Scanfil Oyj - Financial Statement Release
SCANFIL GROUP’S FINANCIAL STATEMENTS FOR 1 JANUARY – 31 DECEMBER 2014
SCANFIL PLC FINANCIAL STATEMENTS RELEASE 24 FEBRUARY 2015 10.15 A.M.
SCANFIL GROUP'S FINANCIAL STATEMENTS FOR 1 JANUARY - 31 DECEMBER 2014
October - December
- Turnover totalled EUR 49.6 million (Q4 2013: 45.4), up 9.3%
- Operating profit EUR 3.3 (2.5) million, 6.6% (5.6%) of turnover
- Earnings per share amounted to EUR 0.04 (0.03)
January - December
- Turnover totalled EUR 214,5 million (2013: EUR 188,5 million), up 13.8%
- Operating profit EUR 16.2 (11.8) million, 7.6% (6.3%) of turnover
- Profit for the review period was EUR 12.3 (8.2) million
- Earnings per share were EUR 0.21 (0.14)
- The Board of Directors proposes to the Annual General Meeting a dividend
of EUR 0.07 per share
Scanfil expects its turnover to increase by 2-8% in 2015. More turnover is
generated in the second half than in the first half of the year. The company
believes that its turnover will decrease slightly in the first half of the
year, and particularly in the second quarter, compared to 2014. Its operating
profit before non-recurring items for 2015 is expected to be EUR 13-17 million.
Petteri Jokitalo, CEO of Scanfil plc:
“We developed strongly in 2014. Our employee satisfaction, our ability to
maintain high quality and our customer satisfaction improved. The acquisition
of the Hamburg plant enabled us to expand our customer base and gain a strong
foothold in the strategically important German market. We have systematically
expanded our customer base to cover new industries. Currently, our customers
mainly operate in the following sectors: energy and automation, medical
technology, environmental measurement solutions and communication as well as
products and systems related to urbanisation. A diverse customer base in
interesting sectors offers us a large number of growth opportunities.
I am pleased with the development of our turnover and profitability. We have
succeeded in increasing our turnover and profitability year-on-year for six
consecutive quarters.
We are continuing to aim for profitable growth in 2015. In customer
acquisition, we will be focusing on Central Europe and China in particular. We
will continue our efforts to improve our processes and efficiency. Our goal is
to make Scanfil an even more attractive partner for customers and an even
better workplace for employees.
I would like to take this opportunity to thank Scanfil's employees, customers,
suppliers, partners and shareholders for their trust and cooperation in 2014.”
GROUP STRUCTURE
The Scanfil Group comprises the parent company Scanfil plc and the Scanfil EMS
subgroup. The Scanfil EMS subgroup, in turn, comprises the parent company
Scanfil EMS Oy, subsidiaries and the associated company Greenpoint Oy (Scanfil
EMS Oy's share of ownership 40%). Scanfil EMS Oy's subsidiaries are the Chinese
subsidiaries Scanfil (Suzhou) Co., Ltd. and Scanfil (Hangzhou) Co., Ltd., the
Hungarian subsidiaries Scanfil Kft. (Budapest) and Rozália Invest Kft.
(Budapest),the German subsidiary Scanfil GmbH as well as the Estonia-based
Scanfil Oü (Pärnu). The Scanfil EMS group has a 100% holding in all of its
subsidiaries.
DEVELOPMENT OF OPERATIONS
Scanfil's business operations continued to develop favourably in the fourth
quarter of 2014. Year-on-year, its turnover increased by more than 9%, and its
operating profit grew by nearly 30%.
Its full-year turnover increased by nearly 14% to EUR 214.5 million, and its
full-year operating profit was EUR 16.2 million, or 7.6% of turnover. In
addition to organic growth, its turnover increased as a result of the
acquisition of the German contract manufacturer Schaltex Systems GmbH (now
Scanfil GmbH) in early April. The growth of Scanfil's operating profit was
driven by increased turnover and successful productivity improvement and cost
control as well as other development measures, such as the deployment of a new
ERP system.
Scanfil has actively expanded its customer base to cover various industries,
which serves to reduce economic fluctuations.
Up to now, Scanfil has divided its customers into communication and
professional electronics customers. However, its customer base has diversified,
and a more detailed categorisation of customers is justifiable. Its new
customer groups are:
- Energy and Automation: power production and electricity transmission systems,
process control systems and systems related to
energy efficiency, such as frequency converters, inverters, switches and
automation systems.
- Networks: broadband, communication and mobile network equipment and systems,
such as base stations, exchanges and
amplifiers.
- Medtech, Life Sciences and Environmental Measurements: equipment related to
health-care technology, research and climate
and environmental measurements, such as dental chairs, analysers, mass
spectrometers and meteorological instruments.
- Urban Applications: products and solutions related to urbanisation, such as
lifts, escalators, game machines and self-service
equipment.
The new customer segmentation is intended to provide the market with more
information about Scanfil's business environment and market development.
In 2014, sales were divided between the new customer groups as follows:
EUR, million 2014 2013 change % % of turnover
Medtech, Life Science,
Environmental Measurements 17.0 4.4 286.0 7.9
Networks 46.8 38.4 22.0 21.8
Energy and Automation 61.3 57.7 6.0 28.6
Urban applications 81.0 81.7 -1.0 37.8
Others 8.4 6.3 33.0 3.9
Total 214.5 188.5 14.0 100
The Medtech, Life Sciences and Environmental Measurements group grew strongly,
particularly as a result of the acquisition of Schaltex Systems GmbH. Sales in
the Networks group and Energy and Automation group developed well, with demand
being particularly strong in the Networks category. In the Urban Applications
group, sales remained at the previous year's level.
During the review period, Scanfil strengthened its position in Germany by
acquiring Schaltex Systems GmbH in Hamburg. The company is an electronics
contract manufacturer specialising in high-mix, low-volume production. It
serves customers in the life sciences and analyser markets, among other fields.
The arrangement enhances Scanfil's growth strategy and goal of expanding its
customer base in Central Europe.
Statutory employee negotiations were launched at the Sievi plant of Scanfil EMS
Oy, a subsidiary of Scanfil Oyj, in the fourth quarter of 2014. During the
negotiations, decisions were made on temporary lay-offs in January-April 2015.
FINANCIAL DEVELOPMENT
The Group's turnover for January-December was EUR 214.5 million (188.5),
representing an increase of 13.8% from the previous year. The breakdown of
turnover by regional segment was as follows: Europe 60% (58%) and Asia 40%
(42%).
Operating profit for the Group during the review period was EUR 16.2 (11.8)
million, representing 7.6% (6.3%) of turnover. Earnings for the review period
amounted to EUR 12.3 (8.2) million. Earnings per share were EUR 0.21 (0.14) and
return on investment was 16.5% (11.4%).
Turnover amounted to EUR 49.6 (45.4) million in October-December and operating
profit for the fourth quarter was EUR 3.3 (2.5) million, or 6.6% (5.6%) of
turnover. Profit for the quarter was EUR 2.5 (1.9) million.
FINANCING AND CAPITAL EXPENDITURE
The Group's financial position continued to improve during 2014 and remains
strong. The consolidated balance sheet totalled EUR 134.0 (125.6) million.
Liabilities amounted to EUR 39.4 (45.1) million, EUR 30.1 (26.8) million of
which were non-interest-bearing and EUR 9.3 (18.3) million interest-bearing.
The equity ratio was 70.6% (64.1%) and gearing -10.5% (-12.2%). The equity per
share was EUR 1.64 (1.39).
Liquid cash assets totalled EUR 19.2 (28.2) million.
Its cash flow from operating activities for the review period was EUR 11.0
million (13.2) positive. The change in working capital during the review
period was EUR -5.2 million (-0.6). A total of EUR 47.1 million (35.6) was tied
up in net working capital at the end of the year. Net working capital increased
as a result of business growth and the acquisition of a subsidiary. Cash flow
from investing activities was EUR -8.0 million (+5.8), of which EUR 5.8 million
is related to the acquisition of a subsidiary in 2014. In 2013, EUR 9.8 million
of the investments were related to the maturing of a deposit with a maturity of
more than three months, which was classified as an investment. Cash flow from
financing activities was EUR -13.0 million (-11.2). This includes the payment
of dividends, loan repayments and the use of a bank credit facility.
Gross investments in January - December in fixed assets totalled EUR 8.2 (4.0)
million, which is 3.8% (2.1%) of turnover. Investments include an acquisition
cost of EUR 5.8 million related to the shares of Schaltex Systems GmbH. Other
investments were mainly related to the acquisition of machinery and equipment.
Depreciation totalled EUR 4.6 million (4.4).
BOARD OF DIRECTORS' AUTHORISATION
The Extraordinary General Meeting on 19 April 2012 authorised the Board of
Directors to decide on the transfer of treasury shares in accordance with the
Board's proposals. The authorisation is valid for three years.
The Annual General Meeting on 18 April 2013 authorised the Board of Directors
to decide on the issuance of option rights to certain key employees of the
company and its subsidiaries. The maximum total number of option rights is
750,000, and they entitle the key employees to subscribe for a maximum of
750,000 of the company's new shares or shares in its possession.
The Annual General Meeting on 8 April 2014 authorised the Board of Directors to
decide on the acquisition of treasury shares with distributable funds. The
authorisation is valid for 18 months.
The Board of Directors has no existing share issue authorisations or
authorisations to issue convertible bonds with warrants.
OWN SHARES
The company does not own its own shares.
SHARE TRADING AND SHARE PERFORMANCE
The highest trading price during the year was EUR 2.74 and the lowest EUR 1.30,
the closing price for the period standing at EUR 2.46. A total of 5,131,328
shares were traded during the period, corresponding to 8.9% of the total number
of shares. The market value of the shares on 31 December 2014 was EUR 142.0
million.
PERSONNEL
At the end of the financial year, the Group employed 1,782 (1,667) people, of
whom 1,545 (1,426) in the company's units outside Finland. The proportion of
employees working in China was 43% (46%) at the end of the year. In all, 87%
(86%) of the Group's personnel were employed by subsidiaries outside Finland on
31 December 2014. Scanfil Group's personnel averaged 1,773 (1,673) employees
during the review period.
OPTION SCHEMES
Based on the authorisation by the General Meeting, the Board of Directors of
Scanfil plc decided on 25 September 2014 to grant the CEO and CFO of Scanfil
plc and three key persons at the Company's subsidiary Scanfil EMS Oy option
rights for 225,000 shares.
NOTIFICATIONS OF CHANGES IN SHAREHOLDING
Scanfil has not received any notifications of changes in shareholding during
the financial year.
FUTURE PROSPECTS
Scanfil expects its turnover to increase by 2-8% in 2015. More turnover is
generated in the second half than in the first half of the year. The company is
expecting its turnover to decrease slightly in the first half of the year, and
particularly in the second quarter, compared to 2014. Its operating profit
before non-recurring items for 2015 is expected to be EUR 13-17 million.
Turnover for 2014 was EUR 214,5 million and operating profit EUR 16.2 million.
OPERATIONAL RISKS AND UNCERTAINTIES
A weakening of the global economy and a decrease in the international demand
for capital goods could have a negative effect on the development of the
business operations of Scanfil's customers and could subsequently reduce demand
in the contract manufacturing market. In addition, Scanfil is exposed to risks
resulting from exchange rate fluctuations in its business operations.
In other respects, the risks facing Scanfil's business have remained
essentially the same. The company's risks and risk management are described in
greater detail on the company's website under Corporate Governance.
ANNUAL GENERAL MEETING 2015 AND BOARD OF DIRECTORS' PROPOSALS TO THE ANNUAL
GENERAL MEETING
Scanfil plc's Annual General Meeting will be held on 8 April 2015 at the
company's head office in Sievi, Finland.
Dividend for 2014
The company aims to pay dividends amounting to approximately 1/3 of its annual
result on a regular basis.
The parent company's distributable funds are EUR 14,873,027.32. The Board of
Directors proposes to the Annual General Meeting that a dividend of EUR 0.07 be
paid from the unrestricted shareholders' equity per share, for a total of EUR
4,041,130.73. The dividend matching day is 10 April 2015. The dividend will be
paid to those shareholders who, on the matching day, are entered in the
Company's Register of Shareholders, kept by Euroclear Finland Ltd. The dividend
payment day is 17 April 2015.
No significant changes have taken place in the company's financial position
since the end of the financial year. In the view of the Board of Directors, the
proposed dividend pay-out will not put the company's liquidity at risk.
The proposal of Scanfil plc's nomination committee to the General Meeting for
the composition of Scanfil plc's Board of Directors will be published in
connection with the invitation to the General Meeting.
The company publishes a notice of the Annual General Meeting later separately.
COMPARISON FIGURES
This financial statements release has been prepared in compliance with the IAS
34 Interim Financial Reporting standard.
The interim report has been prepared following the same accounting principles
as in the 2013 financial statements.
The individual figures and totals shown in the tables have been rounded to
millions of Euro from more accurate figures, which is why individual figures do
not always add up.
The figures are unaudited.
CONSOLIDATED INCOME STATEMENT
EUR million
10 - 12 10 - 12 1 - 12 1 - 12
2014 2013 2014 2013
Turnover 49.6 45.4 214.5 188.5
Other operating income 0.1 0.1 0.3 0.3
Changes in inventories of finished goods
and work in progress -1.0 0.3 -0.2 1.2
Manufacturing for own use 0.0
Expenses -44.1 -42.1 -193.8 -173.8
Depreciation -1.4 -1.1 -4.6 -4.4
Operating profit 3.3 2.5 16.2 11.8
Financial income and expenses 0.0 0.1 -0.3 -0.6
Share in the associated company´s profit -0.6
Profit before taxes 3.2 2.6 15.9 10.6
Income taxes -0.7 -0.7 -3.6 -2.4
Net profit for the period 2.5 1.9 12.3 8.2
Attributable to:
Equity holders of the parent 2.5 1.9 12.3 8.2
Earnings per share for profit attributable to
shareholders of the parent:
undiluted and diluted
earnings per share ( EUR) 0.04 0.03 0.21 0.14
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
EUR million
10 - 12 10 - 12 1 - 12 1 - 12
2014 2013 2014 2013
Net profit for the period 2.5 1.9 12.3 8.2
Items that may later be recognized in profit
or loss
Translation differences 1.2 -0.4 4.6 -0.7
Derivative Financial Instrument 0.0 0.0 0.1 0.3
Other comprehensive income, net of tax 1.2 -0.4 4.7 -0.4
Total Comprehensive Income 3.8 1.5 17.0 7.8
Attributable to:
Equity holders of the parent 3.8 1.5 17.0 7.8
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
EUR million
Assets 31.12.2014 31.12.2013
Non-current assets
Property, plant and equipment 27.1 28.5
Goodwill 5.9 2.2
Other intangible assets 5.0 4.1
Available-for-sale investments 0.0 0.0
Deferred tax assets 0.3 0.3
Total non-current assets 38.4 35.1
Current assets
Inventories 35.5 28.7
Trade and other receivables 40.9 33.5
Advance payments 0.0 0.1
Cash and cash equivalents 19.2 28.2
Total current assets 95.7 90.5
Total assets 134.0 125.6
Shareholder's equity and liabilities 31.12.2014 31.12.2013
Equity
Share capital 2.0 2.0
Translation differences 12.9 8.2
Other reserves 6.0 5.7
Reserve for invested unrestricted equity fund 10.7 10.7
Retained earnings 63.0 53.8
Total equity 94.6 80.5
Non-current liabilities
Provisions 0.5 0.4
Interest bearing liabilities 0.5 9.2
Total non-current liabilities 1.0 9.5
Current liabilities
Trade and other liabilities 28.8 26.0
Current tax 0.9 0.4
Interest bearing liabilities 8.8 9.2
Total current liabilities 38.4 35.6
Total liabilities 39.4 45.1
Total shareholder's equity and liabilities 134.0 125.6
CONSOLIDATED CASH FLOW STATEMENT
EUR million
1.1.-31.12.2014 1.1-31.12.2013
Cash flow from operating activities
Net profit 12.3 8.2
Adjustments for the net profit 7.5 8.2
Change in net working capital -5.2 -0.6
Paid interests and other financial expenses -0.4 -0.6
Interest received 0.2 0.5
Taxes paid -3.3 -2.5
Net cash from operating activities 11.0 13.2
Cash flow from investing activities
The acquisition of a subsidiary less cash
and cash equivalents at the time of acquisition -5.8
Investments in tangible and intangible assets -2.3 -4.2
Sale of tangible and intangible assets 0.1 0.2
Purchase of investments 0.0
Receiving from other investments 9.8
Capital transfer tax refund 0.1
Repayment of loans receivable 0.0
Net cash from investing activities -8.0 5.8
Cash flow from financing activities
Repayment of long-term loans -9.7 -8.9
Proceeds from long term borrowings -0.4
Dividends paid -2.9 -2.3
Net cash from financing activities -13.0 -11.2
Net increase/decrease in cash and cash -10.1 7.9
equivalents
Cash and cash equivalents at beginning of 28.2 20.5
period
Changes in exchange rates 1.1 -0.2
Cash and cash equivalents at end of period 19.2 28.2
STATEMENT OF CHANGES IN CONSOLIDATED EQUITY
EUR million
Equity attributable to equity holders of the parent company
Reserve
for
invested
Share Translatio Other unrestrict Retaine Equity
n ed d
Equity capital difference reserve equity earning total
s s fund s
--------------------------------------------------------------------------------
1.1.2014 2.0 8.2 5.7 10.7 53.8 80.5
IFRS 2 0.0 0.0
Transfer to funds 0.2 -0.2 0
Dividends paid -2.9 -2.9
Total comprehensive 4.6 0.1 12.3 17.0
income
Equity
--------------------------------------------------------------------------------
31.12.2014 2.0 12.9 6.0 10.7 63.0 94.6
Equity attributable to equity holders of the parent company
Reserve
for
invested
Share Translatio Other unrestrict Retaine Equity
n ed d
Equity capital difference reserve equity earning total
s s fund s
--------------------------------------------------------------------------------
1.1.2013 2.0 8.9 5.3 10.7 48.0 75.0
IFRS 2 0.0 0.0
Transfer to funds 0.1 -0.1 0
Total comprehensive income -0.7 0.3 8.2 7.8
Dividends paid -2.3 -2.3
Equity
--------------------------------------------------------------------------------
31.12.2013 2.0 8.2 5.7 10.7 53.8 80.5
KEY INDICATORS
1 - 12 1 - 12
2014 2013
Return on equity, % 14.0 10.6
Return on investment, % 16.5 11.4
Interest-bearing liabilities, EUR million 9.3 18.3
Gearing, % -10.5 -12.2
Equity ratio, % 70.6 64.1
Gross investments in fixed assets, EUR million 8.2 4.0
% of net turnover 3.8 2.1
Personnel, average 1 773 1 673
Earnings per share, EUR 0.21 0.14
Shareholders´ equity per share, EUR 1.64 1.39
Dividend per share, EUR 0.07 0.05
Dividend per earnings, % 32.9 35.1
Effective dividend yield, % 2.85 3.70
Price-to-earnings ratio (P/E) 11.5 9.5
Year´s lowest share price, EUR 1.30 0.82
Year´s highest share price, EUR 2.74 1.47
Average share price for year, EUR 1.95 1.11
Share price at year´s end, EUR 2.46 1.35
Market capitalisation at end of year, EUR million 142.0 77.9
Number of shares at
the end of period, 000´s
- not counting own shares 57 730 57 730
- weighted average 57 730 57 730
The company has a EUR 8.9 million loan in connection with which the company has
entered
into interest and currency swap agreements to convert the SEK-denominated
principal
and cash flows of instalments and interest payments into euros. The interest and
currency swap agreement fully hedges the instalments and interest payments
against
fluctuations in exchange and interest rates.
Owing to the nature of the sector, the company´s order book covers only a short
period of time and
does not give an accurate picture of future development.
SEGMENT INFORMATION
EUR million
1 - 12 1 - 12
2014 2013
Turnover
Europe 131.9 112.2
Asia 86.8 79.6
Turnover between segments -4.2 -3.3
Total 214.5 188.5
Operating profit
Europe 7.9 5.2
Asia 8.3 6.6
Total 16.2 11.8
Assets
Europe 64.9 67.8
Asia 63.2 55.5
Goodwill 5.9 2.2
Total 134.0 125.6
CHANGES IN TANGIBLE NON-CURRENT ASSETS
EUR million
1 - 12 1 - 12
2014 2013
Book value at the beginning of the 28.5 30.5
period
Additions 1.7 2.9
Consolidation of business operations 0.3
Deductions -0.0 -0.5
Depreciations -4.2 -4.2
Exchange rate differences 0.9 -0.2
Book value at the end of the period 27.1 28.5
FINANCIAL ASSETS AND LIABILITIES, CARRYING AMOUNT AND FAIR VALUE
EUR million
31.12.2014 31.12.2014
Book values of Fair values of
balance sheet balance sheet
values values
Non-current assets
Available for sale investments 0.0 0.0
Non-current assets total 0.0 0.0
Current assets
Trade and other receivables 39.4 39.4
Cash and cash equivalents 19.2 19.2
Forward exchange contracts 0.0 0.0
Current assets total 58.7 58.7
Total financial assets 58.7 58.7
Non-current financial liabilities
Interest bearing liabilities from 0.4 0.4
financial institutions
Financial leasing 0.1 0.1
Non-current financial liabilities 0.5 0.5
total
Current financial liabilities
Interest bearing liabilities from 8.6 8.6
financial institutions
Derivative 0.3 0.3
Financial leasing 0.1 0.1
Trade and other payables 22.6 22.6
Current financial liabilities total 31.7 31.7
Total financial liabilities 32.2 32.2
The valuation of derivatives is based on market data (level 2).
The valuation of available for sale investments is based on the acquisition cost
(level 3) as the fair value of the shares cannot be determined reliably.
CONTINGENT LIABILITIES
EUR million
1 - 12 1 - 12
2014 2013
Given business mortgages 26.0 40.0
Pledged guarantees 0.6 1.2
Leasing liabilities and other lease 2.6 0.0
liabilities
In addition, Scanfil EMS Oy has provided a guarantee of any obligations arising
from the subsidiary's
delivery contracts with its customers. The guarantee is limited to a maximum of
EUR 7.5 million and seven
years after the expiry of the last product agreement.
Scanfil plc has granted Nordea Bank Finland Plc an absolute guarantee for the
payment of Scanfil EMS Oy's loan of originally EUR 40 million and resulting
obligations to pay. The principal of the loan on Scanfil EMS Oy's balance sheet
(FAS) on 31 December 2014 is EUR 8.9 million.
Scanfil plc has a credit limit associated with the Group account for EUR 5.0
million, for which Scanfil plc has
granted an absolute guarantee. Scanfil EMS Oy may use this credit limit, for
which it has also provided security.
Scanfil plc has provided Nordea Bank Finland plc with an absolute guarantee for
the EUR 1.0 million credit
limit of Scanfil Kft and EUR 2.0 million credit limit of Scanfil GmbH, and
Siemens Finance and
Leasing GmbH for Scanfil GmbH's lease liabilities of EUR 0.4 million. A total of
EUR 1.5 million of the credit limits were in use on 31 December 2014.
TRANSACTIONS WITH RELATED PARTIES
EUR million
1 - 12 1 - 12
2014 2013
Related party transactions:
Associated companies
Sales income 0.0 0.1
Interest income 0.0
Scanfil EMS Oy has rented an office space from Kiinteistö Oy Pilot 1, which is
owned by a company whose head owners are Jorma Takanen, Harri Takanen, Jarkko
Takanen and Reijo Pöllä. Rental costs were EUR 19 thousand by 31 December
2014 (EUR 13 thousand in 2014).
Administrative service income from Sievi Capital plc were EUR 44 thousand by 31
December 2014 (EUR 41 thousand in 2013)
KEY INDICATORS QUARTERLY
Q4/14 Q3/14 Q2/14 Q1/14 Q4/13 Q3/13 Q2/13 Q1/13
Turnover, MEUR 49.6 56.7 60.6 47.6 45.4 50.4 48.7 44.0
Operating profit, MEUR 3.3 5.2 5.2 2.5 2.5 4.2 3.1 2.0
Operating profit, % 6.6 9.2 8.6 5.3 5.6 8.4 6.3 4.6
Net income, MEUR 2.5 3.8 4.3 1.7 1.9 3.0 2.1 1.1
Calculation of key
indicators
Return on equity, % Net profit for the period x 100
---------------------------------------------------------
Shareholders' equity (average)
Return on investment, (Profit before taxes + interest and other financial
% expenses) x 100
---------------------------------------------------------
Balance sheet total - non-interest-bearing liabilities
(average)
Gearing (%) (Interest-bearing liabilities - cash and other liquid
financial assets) x 100
---------------------------------------------------------
Shareholders' equity
Equity ratio (%) Shareholders' equity x 100
---------------------------------------------------------
Balance sheet total - advance payments received
Earnings per share Net profit for the period
---------------------------------------------------------
Average adjusted number of shares during the year
Shareholders' equity Shareholders' equity
per share
---------------------------------------------------------
Adjusted number of shares at the end of the financial
period
Dividend per share Dividend to be distributed for the period (Board's
proposal)
---------------------------------------------------------
Number of shares at the end of year
Dividend per earnings Dividend per share x 100
(%)
---------------------------------------------------------
Earnings per share
Effective dividend Dividend per share x 100
yield (%)
---------------------------------------------------------
Share price at the end of year
Price-to-earnings Share price at the end of year
ratio (P/E)
---------------------------------------------------------
Earnings per share
Average share price Total share turnover
---------------------------------------------------------
Number of shares traded
Market capitalisation Number of shares x last trading price of the financial
period
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 Group is an international contract manufacturer and system supplier.
The company has nearly 40 years of experience in demanding contract
manufacturing. The key elements of Scanfil's operations include a vertically
integrated production system and the provision of services and supply chain
management to customers over the entire life cycle of the product. Its
customers include international operators in the automation, energy, data
transmission and health technology sectors, among other industries, and
companies operating in fields related to urbanization. Scanfil has production
operations in Finland, China, Germany, Hungary and Estonia.
Not for release over US newswire services. Forward looking statements: certain
statements in this stock exchange release may constitute "forward-looking"
statements which involve known and unknown risks, uncertainties and other
factors which may cause actual results, performance or achievements of Scanfil
Oyj to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. When used
in this stock exchange release, such statements use such words as "may,""will,""expect,""anticipate,""project,""believe,""plan" and other similar
terminology. New risk factors may arise from time to time and it is not
possible for management to predict all of those risk factors or the extent to
which any factor or combination of factors may cause actual results,
performance and achievements of Scanfil Oyj to be materially different from
those contained in forward-looking statements. Given these risks and
uncertainties, investors should not place undue reliance on forward-looking
statements as a prediction of actual results. The forward-looking information
contained in this stock exchange release is current only as of the date of this
stock exchange release. There should not be an expectation that such
information will in all circumstances be updated, supplemented or revised,
except as provided by the law or obligatory regulations, whether as a result of
new information, changing circumstances, future events or otherwise.
© 2024 Nasdaq, Inc. All Rights Reserved |