Q2 2024 Scanfil Oyj Earnings Call Transcript
Key Points
- Scanfil PLC (FRA:S0A) maintained an operating profit of EUR13.9 million, achieving a 7.1% margin despite challenging market conditions.
- The company saw signs of recovery in the Medtech and Life Science segments, indicating potential future growth.
- Scanfil PLC (FRA:S0A) successfully reduced inventory levels, positively impacting their cash position.
- The company won a significant EUR40 million project, showcasing its ability to secure new contracts.
- Scanfil PLC (FRA:S0A) maintained a high on-time delivery rate above 98%, reflecting strong operational efficiency.
- Revenue declined by 19.7% to EUR195.5 million, reflecting a challenging market environment.
- The Energy & Cleantech segment saw a significant decline of 26.1%, indicating sector-specific challenges.
- The Industrial segment experienced a 19.6% decline in revenue, highlighting volatility in this area.
- Earnings per share decreased to EUR0.17 from EUR0.22 a year ago, indicating lower profitability.
- The company faced a volatile quarter with fluctuating customer demand, making it difficult to predict future performance accurately.
¤¤,- -
Good morning. My name is Pasi Hiedanpää. I'm the Director of Investor Relations and Communications at Scanfil PLC. Welcome to our Q2-2024 results webcast. Together here with me are our CEO, Christophe Sut; and our CFO, Mr. Kai Valo. (Event Instructions)
But, hey. Welcome, Christophe, and the floor is yours. Thank you.
Thank you, Pasi. Welcome to all of you, and let's start. So going into an overview of what was Q2. As we had communicated before, Q2 was facing very high comparables. So we landed in revenue at EUR195.5 million, which was a negative 19.7%, pretty much in line with what we were expecting from the quarter.
Therefore, I will say the main focus of the quarter was to defend profitability in a market that was more volatile and more challenging. And there, I think that we did a good job, maintaining EUR13.9 million of operating profit,
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
