Scanfil Oyj · OMXHEX:SCANFL
Scanfil Oyj — Scanfil Oyj Ord — Q4 2025 Earnings Presentation
28 slides from Scanfil Oyj's earnings presentation, Feb 20, 2026
Slide 1: Transformational Quarter Combined with Robust Organic Growth and Profitability
Transformational Quarter Combined with Robust Organic Growth and Profitability January-December 2025 20 February 2026 CEO Christophe Sut & CFO Kai Valo
Slide 2: Key events in Q4
Key events in Q4 Growth with Valmet TOMRA’s S2 Rugged Expansion of Suzhou Acquisition of ADCO Acquisition of MB in Manufacturing Plus for Polish Market Plant in the USA Italy • Scanfil to support • Europe’s recycling rates • Good demand in China • Acquisition of ADCO • Acquisition of MB Valmet’s Lea
Slide 3: Transformational Quarter Combined with Robust Organic Growth and Profitability
Transformational Quarter Combined with Robust Organic Growth and Profitability • Closed acquisitions brings new turnover >150 MEUR with good profitability Q4 2025 • New deals signed for EUR 59.2 million • Demand in Energy & Cleantech stayed solid 211.0 M€ / -0.6% Turnover / YoY, % • Medtech & Life S
Slide 4: Turnover and EBITA
Turnover and EBITA Turnover MEUR Comparable EBITA MEUR 250 7.5 20 7.4 7.3 7.4 7.3 7.3 7.3 7.4 18 200 7.0 7.0 16 6.9 14 6.6 150 6.5 6.5 12 6.3 10 100 6.0 8 6 50 5.5 4 2 224.6 243.3 212.8 220.8 198.9 195.5 173.3 212.3 192.6 202.2 191.3 211.0 15.5 17.9 15.6 13.8 13.1 14.3 12.8 15.5 12.6 14.2 14.1 15.5
Slide 5: Americas
Americas 7% Turnover EBITA Growth initiatives • Organic turnover increased by • EBITA margin decreased due • Acquisition of ADCO Circuits 19.6% seasonally low year-end of completed ADCO, one-time costs in • Energy & Cleantech strong • Atlanta’s second SMT line in ramping up new SMT line and performa
Slide 6: APAC
APAC 25 % Turnover EBITA Growth initiatives • Organic turnover increased by • Margin remained sequentially • New sales activities e.g. Valmet to 2.7% stable at 8.7% start as a customer at Johor Bahru, Malaysia • Medtech & Life Science new customers started to contribute • Process started to expand S
Slide 7: Central Europe
Central Europe 36 % Turnover EBITA Growth initiatives • Strong organic growth of 9.6%, • Continuous focus on securing • MB Elettronica acquisition reported turnover change operational efficiency • Investments in new sales force negative • Restructuring to drive to drive organic growth • Customer act
Slide 8: Northern Europe
Northern Europe 34 % Turnover EBITA Growth initiatives • Organic growth 7.2% y/y • Continuous cost control • Investments in new sales force to drive organic growth • Good growth prospects in • Higher volumes support Aerospace & Defense and EBITA margin Energy & Cleantech
Slide 9: Customer Group Development
Customer Group Development 100% 13% 13% 13% 90% 80% 19 % 70% 42% 42% 46 % 46% 60% 50% 40% 30% 35 % 46% 45% 20% 41% 10% Industrial 0% Energy & Cleantech 2023 2024 Q4 2025 Medtech & Life Science Rest TOP10 (ex. biggest) The biggest customer 20-Feb-26 9
Slide 10: Industrial
Industrial Turnover Won deals Largest won deals in Q4 2025 Y/Y: -5.6% 83.2 MEUR 95.8 MEUR 120 50 99.9 98.5 +15.1% y/y 4.0 MEUR Aerospace & Defense 100 94.2 94.3 38.6 90.4 91.1 40 83.9 81.9 80 31.6 2.9 MEUR Banking and Retail 30 24.8 24.8 2.3 MEUR Construction & Housing 60 20 17.5 17.0 15.4 … … 40 9.
Slide 11: Energy & Cleantech
Energy & Cleantech Turnover Won deals Biggest won deals in Q4 2025 Y/Y: 8.5% 73.8 MEUR 83.2 MEUR 90 30 27.9 78.6 +12.3% y/y 80 70.4 72.4 24.8 13.5 MEUR EV charging 70.1 70 67.5 25 22.8 62.5 64.5 60 55.6 19.9 8.9 MEUR General 20 18.4 50 16.1 15 2.4 MEUR Marine 40 15 12.1 … … 30 10 20 27.9 MEUR In tot
Slide 12: Medtech & Life Science
Medtech & Life Science Turnover Won deals Biggest won deals in Q4 2025 Y/Y: -4.5% 30.2 MEUR 40.7 MEUR 41 15.3 40.0 15 14.3 40 38.9 39.3 39.3 +34.8% y/y 39 38.2 6.0 MEUR Laboratory analyzer 38 37.6 37 10 9.5 3.5 MEUR Air sensors 36 8.1 8.1 1.7 MEUR Diagnostics 35 34.3 6.4 33.8 34 … … 4.5 4.7 33 5 32
Slide 13: ESG Development
ESG Development CO2 emissions Share of fossil free energy, % Employee satisfaction 18000 70 80 16853 16144 60 60 16000 60 +32pp 54 75 +4p 75 73 14000 52 52 72 -63% 50 70 71 70 12000 70 68 10246 10000 40 8845 8774 8500 33 65 8000 30 28 6193 6000 60 20 4000 55 10 2000 0 0 50 2020 2021 2022 2023 2024 2
Slide 14: Financials
mlarclarersits CFO Kai Valo SCANFIL
Slide 15: Comparable EBITA Waterfall October–December
Comparable EBITA Waterfall October–December Turnover growth • The turnover for October–December was EUR MEUR -0.6% 211.0 (212.3) million. 1.0% • Turnover increased organically by 7.6% and 7.6% acquisition of ADCO Circuits contributed 1.0%. • The comparison period included material sales to consignme
Slide 16: Comparable EBITA Waterfall January–December
Comparable EBITA Waterfall January–December Turnover growth 2.2% • The turnover for January–December was EUR MEUR 797.1 (779.9) million. 3.4% • Turnover increased organically by 2.6% and acquisitions contributed 3.4% to growth. • The comparison period included material sales 2.6% to consignment inve
Slide 17: Strong Financial Position
Strong Financial Position EUR 594.5 million • Inventories EUR 176.5 (173.2) million increase of 3.3 million. However organically inventories decreased around 5.0 million. • Goodwill EUR 36.3 (29.1) million, increase from the acquisition of ADCO Circuits (EUR 7.9 million) • Cash and cash equivalents
Slide 18: Strong Cash Generation
Strong Cash Generation FY 2023: MEUR 68.9 FY 2024: MEUR 92.1 FY 2025: MEUR 64.1 MEUR • Net cash flow from operating activities in October–December was EUR 22.7 (23.4) million and in January–December EUR 64.1 (92.1) million • Operating cashflow was at a good level and was supported by positive workin
Slide 19: Net Debt Remains at Low Level
Net Debt Remains at Low Level • Net debt was EUR 9.6 (21.2) million MEUR • Cash and cash equivalents totaled EUR 74.7 (48.5) million • Interest-bearing liabilities were EUR 84.2 (69.7) million • Impact of SRX and ADCO circuits LLC acquisitions were covered with one year cash generation. • Total liqu
Slide 20: Key Figures
Key Figures • Equity ratio 53.9% (55.5%) Equity Ratio, % ROE, % • Equity increased by EUR 23.5 million 57 16 13.9 13.5 56 55.5 14 • Balance sheet was up by EUR 50.3 million 55 12 53.9 10 54 8 53 6 52 4 • Net gearing 3.0% (7.3%) 51 2 50 0 • Net debt was EUR 9.6 million and decreased by 2024 2025 2024
Slide 21: Dividend has grown since 2012
Dividend has grown since 2012 The Board proposes to pay 40% of the EPS i.e. EUR 0.25 per share dividends to shareholders 0.30 0.25 0.25 0.24 0.23 CAGR 15.1% 0.21 0.20 0.19 0.17 0.15 0.15 0.13 0.11 0.10 0.09 0.08 0.07 0.05 0.05 0.04 0.00 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 202
Slide 22: Outlook
SCANFIL Outlook
Slide 23: Outlook and focus in 2026
Outlook and focus in 2026 We expect our turnover to be EUR 940–1,060 million and comparable EBITA of EUR 64–78 million. Solid operational execution, organic growth and major strategic steps in building company’s future. Focus areas: • Financial integration of ADCO and MB • Drive the good momentum in
Slide 24: Q&A
SCANFIL Q&A
Slide 25: Key takeaways
Key takeaways Q4 2025 • Transformation quarter • Turnover is gaining speed: organic growth was 7.6% • New business pipeline remained strong • Strong comparable EBITA margin of 7.3%, and EUR 15.5 million Geared for Growth • Acquisitions open new growth opportunities in Aerospace & Defense, US and Sou
Slide 26: Contact information and analysts
Carnegie AB, Stockholm Jakob Söderblom +46 734 178 643 jakob.soderblom@carnegie.se Contact information Inderes Oyj and analysts Antti Viljakainen +358 44 591 2216 antti.viljakainen@inderes.fi Nordea Oyj Pasi Väisänen CHRISTOPHE SUT, CEO +358 9 5300 5192 +358 407 318 411 pasi.vaisanen@nordea.com chri
Slide 27: Disclaimer
Disclaimer Not to be published or distributed, directly or indirectly, in any country where its distribution or publication is unlawful. Forward looking statements: certain statements in this presentation may constitute "forward-looking" statements which involve known and unknown risks, uncertaintie
Slide 28: Global contract manufacturer and systems supplier
Global contract manufacturer and systems supplier