OULU, FINLAND – Scanfil has revised its projected 2023 turnover for 2023 to €880–940 million ($968 million to $1.03 billion), up from its previous estimate of €820–890 million ($902-979 million) for the year.

The company said customer demand and outlook have continued to strengthen in the beginning of the year, especially in the Energy & Cleantech, Automation & Safety and Medtech & Life Science customer segments. In addition, the availability of electronic components has improved faster than expected, which makes it possible to respond to customer demand and also improve productivity. Scanfil said it has also invested heavily in increasing the production capacity of its factories, which in part enables higher production volumes.