Scanfil Oyj · OMXHEX:SCANFL
Scanfil Oyj — Scanfil Oyj Ord — Q2 2025 Earnings Presentation
29 slides from Scanfil Oyj's earnings presentation, Jul 17, 2025
Slide 1: Solid operational performance combined with strong strategic execution
Solid operational performance combined with strong strategic execution January-June 2025 half-year report 17 July 2025 CEO Christophe Sut & CFO Kai Valo
Slide 2: Key events in Q2
Key events in Q2 New sizeable business Driving organic growth Acquisition of ADCO Acquisition of MB acquisitions Circuits in the USA Elettronica in Italy • Liquid Instruments • Investments in two electronics • Acquisition of 80% of ADCO • Acquisition of MB manufacturing outsourcing manufacturing lin
Slide 3: Q2 2025 key financials
Q2 2025 key financials SCANFIUL
Slide 4: Solid operational performance combined with strategic execution
Solid operational performance combined with strategic execution • Q2 slightly impacted by new project ramp ups Q2 2025 • New won deals continue at good level EUR 24.8 million 202.2 M€ / 3.4% • Industrial and Medtech & Life Science grew Turnover / YoY, % • Energy & Cleantech showing positive signs -1
Slide 5: Turnover and EBITA
Turnover and EBITA MEUR MEUR 250 20 7.4 7.4 7.5 7.3 7.3 7.0 6.9 6.9 7.0 15 6.6 200 6.5 6.3 6.5 10 6.0 150 5 5.5 224.6 243.3 212.8 220.8 198.9 195.5 173.3 212.3 192.6 202.2 15.5 17.9 15.6 13.8 13.1 14.3 12.8 14.7 12.6 14.2 100 0 5.0 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q1 23 Q2
Slide 6: Americas
Americas 12 12 11.7 11.8 11.2 10.8 10.5 10 10 9.2 9.7 9.3 9.7 9.1 8.8 8.5 8.6 8 8 7.5 7.3 7.5 7.2 6.2 6 6 5.4 5.2 4 4 2 2 1.0 1.1 0.6 0.6 0.8 0.8 0.8 0.8 0.5 0.5 0 0 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Turnover, EUR million Comparable EBITA, EUR million Co
Slide 7: APAC
APAC 70 12 60 61.1 10 9.6 59.5 50 8.4 52.2 8.6 51.1 48.4 8 7.4 7.4 45.5 40 41.9 42.3 42.7 6.9 6.7 40.1 6.0 6 30 4.7 4.1 4 20 2 10 4.4 5.1 3.4 3.6 3.0 3.6 3.7 3.6 1.7 2.0 0 0 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Turnover, EUR million Comparable EBITA, EUR mi
Slide 8: Central Europe
35 % Central Europe 120 10 9.3 9.1 9 100 8.4 101.9 8.2 8 96.5 97.1 94.8 7.5 7.4 7.5 7.3 7.1 7.1 7 80 84.6 76.1 77.2 6 69.5 67.5 60 65.4 5 4 40 3 2 20 8.9 9.3 1 7.1 7.2 6.9 5.4 6.5 5.2 4.7 4.9 0 0 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Turnover, EUR million Co
Slide 9: Northern Europe
32 % Northern Europe 90 7 6.5 6.5 80 82.9 83.3 6.2 6.0 6.1 6 5.6 76.5 5.7 70 5.3 69.1 5 66.7 67.2 5.0 64.7 65.6 60 60.6 56.5 50 4.0 4 40 3 30 2 20 1 10 4.6 4.4 4.4 4.7 4.0 3.7 3.9 3.7 2.8 3.1 0 0 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Turnover, EUR million Co
Slide 10: Customer group development
Customer group development 100% 13% 13% 14% 90% 20 % 80% 70% 42% 42% 44% 48 % 60% 50% 40% 32 % 30% 45% 46% 20% 42% Industrial 10% Energy & Cleantech Medtech & Life Science 0% 2023 2024 Q2 2025 Rest TOP10 (ex. biggest) The biggest customer 17-Jul-25 10
Slide 11: Industrial
Industrial Turnover Won deals Biggest won deals in Q2 2025 Y/Y: 8.9% 110 35 31.6 99.9 98.5 30 4.4 MEUR Mining 100 94.1 24.8 24.8 90.4 91.1 25 1.3 MEUR Aerospace & Defense 90 83.9 20 17.5 80 15.4 1.1 MEUR Aerospace & Defense 15 70 9.3 10 … … 60 5 24.8 MEUR In total 50 0 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25
Slide 12: Energy & Cleantech
Energy & Cleantech Turnover Won deals Biggest won deals in Q2 2025 Y/Y: -4.4% 80 30 72.4 70.4 24.8 3.1 MEUR Power solution 70 67.5 25 22.8 64.5 62.5 19.9 60 55.6 20 2.5 MEUR General 16.1 15 50 15 12.1 1.6 MEUR Energy saving 40 10 … … 30 5 12.1 MEUR In total 20 0 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q
Slide 13: Medtech & Life Science
Medtech & Life Science Turnover Won deals Biggest won deals in Q2 2025 Y/Y: 4.4% 45.0 10 9.5 40.0 39.3 8.1 8.1 37.6 38.9 1.8 MEUR Diagnostic solution 34.4 33.8 6.4 1.7 MEUR Diagnostic solution 30.0 5 4.5 4.7 0.5 MEUR Diagnostic solution … … 4.7 MEUR In total 15.0 0 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 2
Slide 14: Financials
mlarclarersits CFO Kai Valo SCANFIL
Slide 15: Comparable EBITA waterfall April - June
Comparable EBITA waterfall April - June MEUR • The turnover in April–June was EUR 202.2 3.4 % million, increase y/y EUR 6.7 million or 3.4%. Change y/y • Operational costs increased by EUR 5.9 -0.1 -0.5 % million or 3.4%. Cost was managed at the same proportional level as in April–June 2024. 3.4 % D
Slide 16: Comparable EBITA waterfall January - June
Comparable EBITA waterfall January - June MEUR • The turnover for January–June was EUR 394.8 Change y/y million, increase y/y EUR 0.4 million or 0.1%. 0.1 % -0.6 SRXGlobal’s impact on the turnover was EUR -2.2% 16.4 million. 0.2 % • Operational costs increased by EUR 0.6 million or 0.2%, being nearl
Slide 17: Strong financial position
Strong financial position EUR 535.1 million • Inventories EUR 158.9 (184.9) million 158.9 • Goodwill EUR 27.9 (7.5) million, increase from Inventories the acquisition of SRXGlobal Pty. Ltd. 287.8 Equity Goodwill 27.9 17.4 Interest bearing • Cash and cash equivalents totaled EUR 52.7 Other intangible
Slide 18: Strong cash generation
Strong cash generation FY 2023: MEUR 68.9 FY 2024: MEUR 92.1 MEUR • Net cash flow from operating 40 activities in April–June was EUR 23.0 (37.2) million and in January–June EUR 34.0 (46.9) 30 million. • Cash flow was supported by effective inventory management 20 and a reduction of EUR 5.1 37.2 34.8
Slide 19: Significant decline in net debt
Significant decline in net debt • Net debt was EUR 14.3 (29.2) MEUR million 100 • Cash and cash equivalents totaled EUR 52.7 (40.2) million • Interest-bearing liabilities were EUR 66.9 80 (69.5) million 60 • Total liquidity EUR 246.6 (128.8) million • EUR 194.0 (88.6) million in unused credit and 40
Slide 20: Key figures
Key figures • Equity ratio 54.8% (55.4%) Equity Ratio, % ROE, % 15.3 • Equity increased by EUR 16.0 million 56 55.4 16 54.8 14 13.0 55 12 • Balance sheet was up by EUR 24.1 million 54 10 53 8 52 6 4 • Net gearing 5.0% (10.8%) 51 2 50 0 • Net debt was EUR 14.3 million and decreased Q2 2024 Q2 2025 Q2
Slide 21: Dividend has grown since 2012
Dividend has grown since 2012 • Dividend paid on 7 May, 41% of the EPS i.e. EUR 0.24 per share CAGR 16.1% 0.30 0.25 0.24 0.23 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 2024 40% 36% 33% 53% n/a 28% 29% 3
Slide 22: Outlook
Outlook
Slide 23: Outlook and focus in 2025
Outlook and focus in 2025 We expect our turnover to be EUR 780–920 million and comparable EBITA of EUR 55–68 million. Solid operational execution and major strategic steps in building company’s future. Focus areas: • Closing of two M&A and financial integration • Drive organic growth • Cost and inve
Slide 24: Investor and media visit to Sieradz 16-17 September
Investor and media visit to Sieradz 16-17 September We are happy to welcome investors and media to our largest European plant. Sieradz is a high-end complex system integration and electronics manufacturing plant serving wide variety of different market sectors. CONFIDENTIAL 17-Jul-25 24
Slide 25: Q&A
SCANFIL Q&A
Slide 26: Key takeaways
Key takeaways • Q2 2025 • Turnover is gaining speed, growing 3.4% from Q2 2024 • New business pipeline remained strong • Comparable EBITA margin remained at long-term target level of 7.0% • Gearing for growth MB’s main plant in Cortona, Italy • Two transformational acquisitions to build presence in
Slide 27: 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 28: 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 29: Global contract manufacturer and systems supplier
Global contract manufacturer and systems supplier