STOCKHOLM -- Scanfil said revenue for the quarter ended Jun. 30 rose 14.3% year-over-year to EUR 243.3 million on higher demand in Energy & Cleantech and Connectivity segments.

The operating profit was EUR 17.5, up 72.7%, and operating profit margin rose 240 basis points to 7.2%.

The contract electronics manufacturer said net profit was EUR 14.5 million, up 103.3%. Scanfil revised its outlook for turnover and adjusted operating profit on Jul. 10. The EMS firm now estimates 2023 sales will be EUR 900 million to 950 million, up from its previously guidance of EUR 880 million to 940 million.

The operating profit for the second quarter was at an all-time high at EUR 17.5 million.

In a statement, Scanfil said: "To respond to the increase in customer demand in North America, we are significantly investing in the electronics production capacity in our Atlanta factory. The equipment installations of the production line are currently ongoing, and according to the schedule, we will be able to manufacture the first production batches in the third quarter of the year. The customer interest and demand for the new capacity have been strong and have even exceeded our pre-expectations.

"During the summer, we will also introduce new production capacity at the Sieradz factory. In addition, the board made a decision on August 3, 2023 about a significant expansion of the factory building in Sieradz.

"Scanfil's customers' demand outlook for 2023 has strengthened over the course of the year and continues to be strong. In particular, the demand outlook for technologies that increase energy efficiency and drive the green transition is excellent, especially in Europe. The near-term risks of the business are mainly related to geopolitics and economic development in Europe and globally, and as well as their potential effects on our customers' demand and business environment."

Christophe Sut has been named new CEO starting in September.

Join the electronics industry at PCB West, the largest trade show in the Silicon Valley. Coming September 19-22. pcbwest.com

• Prev
• Next