Scanfil Oyj · OMXHEX:SCANFL
Scanfil Oyj — Scanfil Oyj Ord — Q1 2026 Earnings Presentation
27 slides from Scanfil Oyj's earnings presentation, Apr 23, 2026
Slide 1: Solid Start with Significant Growth in Turnover and Profit
Solid Start with Significant Growth in Turnover and Profit January-March 2026 23 April 2026 CEO Christophe Sut & CFO Kai Valo
Slide 2: Key Events in Q1 2026
Key Events in Q1 2026 MB Acquisition Aerospace & Defense Expansion in Suzhou High number of NPIs • Completed on 22 Jan • Separate customer group • Strong customer demand • Seasonality in NPIs (first • Double digit growth in Q1 as of Q1 2026 • New production area will half of the year) with excellent
Slide 3: Strong Q1 Building Momentum for 2026
Strong Q1 Building Momentum for 2026 • In-organic growth was strong, supported by robust organic growth Q1 2026 • MB turnover grew double digits with good profitability (consolidated 22 Jan) 229.1 M€ / 19.0% • Momentum in organic growth is strong, EUR 51.8 million worth deals won Turnover / YoY, % •
Slide 4: Turnover and EBITA
Turnover and EBITA Turnover EBITA 23-Apr-26 4
Slide 5: Americas
8% Americas Turnover • Organic turnover increased 12.3% • ADCO contributed EUR 5.9 million EBITA • Customer wins from 2025 are now in NPI phase • The second SMT-line in Atlanta is in a ramp-up phase Growth Incentives • Ramping up Atlanta’s second SMT-line successfully • Customer project pipeline is
Slide 6: APAC
24 % APAC Turnover • Organic turnover increased 10.9%, solid customer outlook • Negative affect of 5.4% from foreign exhange EBITA • Strong comparable EBITA • Increased due to higher turnover and utilization Growth Incentives • Investing EUR 9.0 million in expanding Suzhou plant
Slide 7: Central Europe
40 % Central Europe Turnover • Organic turnover increased 2.9% • Polish operations delivered solid organic growth, while operations in Germany remained challenging • MB contributed EUR 21.2 million, and boosted especially Aerospace & Defense EBITA • Operations in Poland are back on Group target leve
Slide 8: Northern Europe
29 % Northern Europe Turnover • Organic turnover increased by 5.6% • Good demand in Aerospace & Defense and Energy & Cleantech EBITA • Margin improved from 5% to 6.8%, driven by higher utilization Growth Incentives • Strong sales initiatives in Aerospace & Defense
Slide 9: Customer Group Development
Customer Group Development 23-Apr-26 9
Slide 10: Aerospace & Defense
9% Aerospace & Defense Turnover Deals Won Deals 25 13 12.1 21.0 20 10 0.8 M€ Military 15 8 12.4 5.3 0.1 M€ Military 9.9 9.8 9.3 10 9.1 5 6.2 7.1 7.1 … … 2.4 5 3 0.9 0.9 M€ In total 0.1 0.0 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 24 24 24 24 25 25 25 25 26 24 24 24 24 25 25 25 25 26
Slide 11: Energy & Cleantech
32 % Energy & Cleantech Turnover Deals Won Deals 6.0 M€ General 5.5 M€ General 3.5 M€ General … … 23.9 M€ In total
Slide 12: Industrial
41 % Industrial Turnover Deals Won Deals 2.5 M€ Marine 2.2 M€ Fire protection 2.0 M€ Food industry … … 15.5 M€ In total
Slide 13: Medtech & Life Science
18 % Medtech & Life Science Turnover Deals Won Deals 15.3 15 14.3 5.0 M€ Cancer treatment 11.5 4.0 M€ Analytics 10 9.5 8.1 8.1 1.7 M€ Diagnostics 6.4 … … 4.5 4.7 5 11.5 M€ In total 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 24 24 24 24 25 25 25 25 26
Slide 14: Financials
mlarclarersits CFO Kai Valo SCANFIL
Slide 15: Comparable EBITA Waterfall January – March
Comparable EBITA Waterfall January – March Turnover growth 19.0% MEUR • The turnover for January – March was EUR 229.1 (192.6) million- 14.1% 27.1 2.0 0.3 • Turnover increased organically by 6.5% and -3.2 acquisition of ADCO Circuits and MB -1.7% Elettronica contributed 14.1%. • Changes in foreign e
Slide 16: Balance Sheet
Balance Sheet EUR 774.7 million • Inventories EUR 236.2 (169.7) million increase of EUR 66.5 million, mainly from the acquisitions (EUR 62,8 million). 236.2 • Goodwill EUR 88.2 (28.8) million, increase from the Inventories acquisitions EUR 58.7 million 326.6 Goodwill Equity • Other intangible assets
Slide 17: Cash Flow
Cash Flow FY 2024: MEUR 92.1 FY 2025: MEUR 64.1 MEUR • Net cash flow from operating activities in January–March was EUR -2.2 (11.0) million. 35 • Organic revenue growth increased working capital EUR 17,6 million, mostly trade receivables and had a 25 temporary negative impact on cash flow. 37.2 15 •
Slide 18: Net Debt
Net Debt MEUR 140 1.80 Net debt was EUR 127.8 (15.9) million 1.57 1.60 • Cash and cash equivalents totaled EUR 27.5 120 (58.5) million 1.40 • Interest-bearing liabilities were EUR 155.4 100 1.20 (74.4) million 80 Total liquidity EUR 205.6 (203.0) million 1.00 • A new EUR 50 million financing facilit
Slide 19: Key Figures
Key Figures Equity Ratio, % ROE, % Equity ratio 42.9% (54.9%) 60 54.9 14 12.2 11.2 • Equity increased by EUR 24.7 million 50 42.9 12 10 40 • Balance sheet was up by EUR 212.8 million 8 30 resulting from acquisitions. 6 20 4 10 2 Net gearing 39.1% (5.3%) 0 0 2025 2026 2025 2026 • Net debt was EUR 127
Slide 20: 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 21: Outlook
SCANFIL Outlook
Slide 22: 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: • Strong contribution from ADCO and MB • Drive the good momentum in
Slide 23: Q&A
SCANFIL Q&A
Slide 24: Key Takeaways
Key Takeaways • “New chapter” for Scanfil, with stronger scale, profitability and broader customer diversification and supply chain • Solid demand in Aerospace & Defense, Energy & Cleantech, and Medtech & Life Science • Two transformational acquisitions ADCO Circuits and MB Elettronica which expand
Slide 25: 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 26: 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 27: Global contract manufacturer and systems supplier
Global contract manufacturer and systems supplier