-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueComing to Terms With AI
In this issue, we examine the profound effect artificial intelligence and machine learning are having on manufacturing and business processes. We follow technology, innovation, and money as automation becomes the new key indicator of growth in our industry.
Box Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Scanfil Announces Updated Values, Strategy, Business Segments and Financial Targets
March 13, 2024 | ScanfilEstimated reading time: 2 minutes
Scanfil plc announces its updated values, strategy, business segments and financial targets. “Geared for growth” describes Scanfil’s market position and opportunities.
“In 2023 we hit the all-time high turnover and profit. We have solid customer base with high growth potential especially in Energy & Cleantech and Medtech & Life Science,” says the CEO of Scanfil Christophe Sut. “We have a positive long-term outlook for the business, and we aim to drive our growth.”
Values drive us
Scanfil is strongly driven by its values which are based on entrepreneurial spirit laid by company’s founder Jorma Takanen in 1976. Our values are:
- Customer focused: In a competed EMS business you cannot succeed unless you are truly committed to customers.
- Achieving together: We work as a team. We success and also fail together. It makes us stronger.
- Empowered: Solution-oriented people and building a frame allowing people to take responsibility.
- Engaged to perform: Target orientation is at the heart of Scanfil.
Strategy and business segments to drive growth
We are “geared for growth”. Past three years we have pushed for organic growth. Now, we are shifting to seek balance between organic and inorganic growth. Ideally, potential acquisition targets would complement our customer base and factory network in Asia (outside of China), North America, and Eastern Central Europe.
We will also drive our organic growth and accelerate that by moving to three business segments:
- Industrial
- Energy & Cleantech
- Medtech & Life Science
Industrial was formed by combining the previous three segments: Advance Consumer Applications, Automation & Safety and Communications. Each new segment has dedicated sales teams to driving growth and profitability.
“Segmentations clarify roles and further enhance sales growth for all business segments. To drive factory specific sales, we still have local sales people”, explains CEO Christophe Sut. “We can drive our sales more efficiently by re-organizing it and also incentivizing it through specific customer groups.”
Sustainability is at the heart of the company
We are driving our sustainability and committed to the Science Based Targets in the short-term 2030 and long-term “Net Zero” 2050. In addition, we are preparing for the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS) with full speed.
Updated financial targets depict the potential of these changes
All these changes together with our efficiency driving Dream Factory program, supply chain optimization and offering development we are aiming for:
- 10% turnover growth on average per annum over the business cycle
- 7-8% operating profit margin
- <1.5 Net debt/EBITDA
The dividend policy remains unchanged and Scanfil aims to distribute approximately 1/3 of the net profit depending on the investment needs.
Suggested Items
Real Time with… IPC APEX EXPO 2024: Alltemated Focuses on Services and Customer Relationships
05/09/2024 | Real Time with...IPC APEX EXPORachael Temple, director of marketing and sales at Alltemated, discusses the company's offerings such as outsourcing, value added services, and quick turnaround times. Rachael emphasizes the significance of fostering relationships and trust with clients, sharing a real world example where Alltemated helped a component distributor with custom tooling, and then wraps up with a look at future growth and collaborations.
Sondrel Awarded New Video Processor ASIC Design and Supply Contract
05/09/2024 | SondrelSondrel, a leading provider of ultra-complex custom chips for leading global technology brands, is pleased to announce that it has won a major ASIC design and supply contract for a next generation, video processing chip.
Shane Whiteside of Summit Reflects on Today's PCB Landscape
05/08/2024 | I-Connect007 Editorial TeamSummit Interconnect began as a printed circuit board manufacturing company just eight years ago and has seen impressive growth organically and through acquisition. Summit President and CEO Shane Whiteside takes a few moments to share his thoughts on the growing PCB industry in the United States.
IDC Forecasts Slower Growth for Global Telecommunications Services Market: Could AI Help Telcos to Maintain Healthy Margins?
05/08/2024 | IDCWorldwide spending on Telecom Services and Pay TV Services reached $1,509 billion in 2023, an increase of 2.1% over 2022, according to the International Data Corporation (IDC) Worldwide Semiannual Telecom Services Tracker.
HBM Prices to Increase by 5–10% in 2025, Accounting for Over 30% of Total DRAM Value
05/06/2024 | TrendForceAvril Wu, TrendForce Senior Research Vice President, reports that the HBM market is poised for robust growth, driven by significant pricing premiums and increased capacity needs for AI chips.