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Research

Scanfil: Confidently toward H2 and CMD

By Inderes
Scanfil
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Last Friday, Scanfil published its Q2 report which paints a neutral picture. The company’s demand outlook for this year seems good and the biggest issues lie in the availability of materials. The share valuation has gone up justifiably, but growth in earnings and dividends bring the expected return to the level of required rate of return and a positive acquisition option (incl. the fire power in the balance sheet) make the overall expected return positive.

Scanfil is an international electronics contract manufacturer, specializing in industrial and B2B customers. Services include manufacturing of end products and components such as PCBs. Manufacturing services are the core of the company, supported by design, supply chain and modernization services. The company operates globally in Europe, America and Asia. Customers are primarily found in the process automation, energy efficiency, green efficiency and medical segments.

Read more on company page

Key Estimate Figures08.08.2021

202021e22e
Revenue595.3672.2680.0
growth-%2.7 %12.9 %1.2 %
EBIT (adj.)39.143.447.0
EBIT-% (adj.)6.6 %6.5 %6.9 %
EPS (adj.)0.500.530.57
Dividend0.170.190.21
Dividend %2.6 %1.6 %1.8 %
P/E (adj.)13.022.320.7
EV/EBITDA7.213.412.3

Forum discussions

Global investments and strong earnings growth, and the dividend growth streak continues. Additionally, new investments in the defense and drone...
2/23/2026, 9:27 AM
by Dissidentti
8
Scanfil: Visibility for 2026 is looking good - Nordea Tämä on kolmannen osapuolen analyysi, eikä välttämättä vastaa Inderesin näkemystä tai ...
2/23/2026, 8:00 AM
by Dissidentti
4
Chief Analyst Antti has published a new company report on Scanfil regarding Q4 In our view, the overall picture of Scanfil’s Q4 report published...
2/23/2026, 6:39 AM
by Sijoittaja-alokas
4
Here are Antti’s quick comments on Scanfil’s Q4 Scanfil published its Q4 report this morning. The end-of-year figures remained at the level ...
2/20/2026, 10:34 AM
by Sijoittaja-alokas
5
Scanfil’s future looks good. Organic and inorganic growth ahead with strong profitability “Our strength was evident in the EBITA, which we have...
2/20/2026, 7:58 AM
by Dissidentti
5
I’ll also add the figures for the full year 2025 here to provide a better sense of the growth they are targeting: Revenue was EUR 797.1 million...
2/20/2026, 6:23 AM
by Jukka
9
Q4 results: October–December Revenue was EUR 211.0 million (212.3), a decrease of 0.6% Revenue grew organically by 7.6% Comparable EBITA margin...
2/20/2026, 6:07 AM
by Ilkka
10
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