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2020-08-07

SCANFIL PLC: SCANFIL GROUP’S HALF YEAR FINANCIAL REPORT   1 JANUARY – 30 JUNE 2020

SCANFIL PLC          HALF YEAR FINANCIAL REPORT                                                7 AUGUST 2020                     8.00 A.M.

SCANFIL PLC: SCANFIL GROUP’S HALF YEAR FINANCIAL REPORT   1 JANUARY – 30 JUNE 2020

Q2/2020: Stable Development in Exceptional Circumstances

April - June

- Turnover totalled EUR 155.6 million (Q2 2019: 142.6), increase of 9.1%
- Operating profit EUR 10.2 (6.4) million, 6.5% (4.5%) of turnover, adjusted operating profit in
  the comparison year EUR 10.3 million, 7.2% of turnover
- Net profit was EUR 8.3 (4.6) million
- Earnings per share were EUR 0.13 (0.07)
- On June 29, 2020, Scanfil announced the sale of the entire share capital of Scanfil (Hangzhou) Co., Ltd.,
  a subsidiary located in Hangzhou, China.

January - June

- Turnover totalled EUR 299.6 million (H1 2019: 272.5), increase of 10.0%
- Operating profit EUR 18.8 (13.3) million, 6.3% (4.9%) of turnover, adjusted operating profit in the
  comparison year EUR 17.3 million, 6.3% of turnover
- Net profit was EUR 15.8 (9.4) million
- Earnings per share were EUR 0.24 (0.15)

Future outlook

Scanfil updated on 29 June its 2020 outlook and estimates that its turnover for 2020 will be EUR 580 – 620 million and adjusted operating profit EUR 38 – 42 million.

Earlier Scanfil estimated its turnover for 2020 to be EUR 590 – 640 million and adjusted operating profit and EUR 39 – 43 million.

The 2020 guidance is subject to exceptional uncertainty due to the potential negative effects of the coronavirus pandemic on customer demand, supply chain capacity as well as the safety and operational capability of our own plants and personnel.

Long Term Target

Scanfil’s long-term target: In 2023, Scanfil is organically aiming for EUR 700 million turnover and 7% operating profit.

In addition, Scanfil is actively exploring acquisition opportunities, especially in the Nordic countries and Central Europe.

Key Figures       
 Q2/2020Q2/2019Change%H1/2020H1/2019Change %2019
Turnover, EUR million155.6142.69.1%299.6272.510.0%579.4
Operating Profit, EUR million10.26.458.4%18.813.341.8%35.3
Operating Profit, Adjusted, EUR million10.210.3-0.9%18.817.38.8%39.4
Operating Profit, %6.54.5 6.34.9 6.1
Operating Profit, Adjusted, %6.57.2 6.36.3 6.8
Net Profit, EUR million8.34.680.3%15.89.467.5%28.1
Net Profit, Adjusted, EUR million8.38.4-2.0%15.813.417.4%32.1
Earnings per Share, EUR0.130.0779.6%0.240.1566.8%0.44
Earnings per Share, Adjusted, EUR0.130.13-4.3%0.240.21
Författare Scanfil Oyj

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