Q3 2024 Scanfil Oyj Earnings Call Transcript
Key Points
- Scanfil PLC (FRA:S0A) secured EUR41.7 million in new contracts during Q3, despite the typically slow summer months.
- The company achieved a high on-time delivery rate of 98%, reflecting strong operational performance.
- Scanfil PLC (FRA:S0A) maintained a solid operating margin of 7.2% in a challenging market environment.
- The acquisition of Srx Global expands Scanfil PLC (FRA:S0A)'s footprint in Asia and Australia, enhancing its global presence.
- The company reported a strong cash flow position, with a significant reduction in net debt, indicating financial stability.
- Scanfil PLC (FRA:S0A) experienced a negative organic growth of 18.6% in Q3, driven by challenging market conditions.
- Revenue in the industrial segment declined by 15% during the quarter.
- The Med Tech and Life Science segment saw a slight revenue decline of 6.9%, despite new contract wins.
- The energy and clean tech segment reported a significant revenue drop of 28.4%, although new contracts were acquired.
- The company faces increased tax implications due to dividend collections from subsidiaries, impacting the tax rate.
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Good morning. Welcome to scan first Q3 results, webcast and live event. My name is Pasi Hiedanpää. I am the Director of Industry Relations and Communications at scanfil to get over here with me is our CFO Kai Valo and our CEO Christophe. So, Christophe, please start.
Thank you, Pasi.
Thanks to all of you for joining and let's get started with our Q3 report. A few key events for the quarter starting with a few news about our customers. I mean, we continue to move forward in acquiring new contract, EUR41.7 million of new contracts in the quarter, which we believe was a very good number. You should consider that we have two months more or less of vacation in the middle of it, which are usually not months where you sign contracts. So that was very pleasing to see and it was a mixed bag of of established company that continue to trust us and to believe in us and bring us business. But also a few
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