OULU, FINLAND – Scanfil saw sales of EUR220.8 million ($239.6 million) in the fourth quarter, a decrease of 0.7% from the same quarter of 2022.

For the full year, the company's sales totaled EUR901.6 million ($978.3 million), an increase of 6.9% from 2022's total.

"After my first full quarter at Scanfil, I am happy to present the financial results for October–December 2023, the quarter that ended our record year," said CEO Christophe Sut. "The year 2023 was a record year. The turnover growth, excluding spot-market purchases, was 15.6%. The total revenue was over EUR 900 million, and the organic growth was 6.9%. Strong figures demonstrate the quality of our customer portfolio and the solid performance of our factories. Operating profit also reached a record level of EUR 61.3 million and the operating margin reached the strong level of 6.8%. In 2023, our customer segments showed their growth potential and Scanfil grew to a new level."

Looking to the future, the company projects sales of EUR820 million to EUR900 million ($889.7 million to $976.5 million).

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