SIEVI, FINLAND – Scanfil reported fiscal year 2016 revenue of approximately EUR 508 million (US$541.8 million), an increase of 34.7% compared to 2015 on its acquisition of PartnerTech.

The EMS firm’s preliminary operating profit before adjustments was EUR 22.3 million in 2016, up 13.8% year-over-year.

“In 2016 we went through a major restructuring related to PartnerTech integration,” said CEO Petteri Jokitalo. “Integrating the companies, eliminating overlapping activities, as well as restructuring unprofitable factories proceeded as planned. Our continuing factory network consists of 10 factories – the reduction from 17 factories at the beginning of 2016 – and our costs structure is now significantly lighter.”

Ed.: EUR 1 = US$ 1.0664

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