Scanfil Oyj Ord (SCNFF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Welcome to ScanFest Q1 2026 interim report webcast. Together with me, here are our CEO, Kristoff Sut, our CFO, Mr. Kai Valo, and my name is Pasi Hiedompaa. I am the Director of IA Investor Relations and Communications. A couple of words about the practicalities. You have a chat box window in your screen, so you can actually type in questions in there, and we will have the Q&A at the end of the session. Now, handing over to Kristoff, please. Thank you, Pasi. Welcome to everyone and very happy to share today our first quarter for 2026. First quarter, sharing a few key events, was rich in happening. As you know, we closed the acquisition of M-Bay Electronica during January. And MB Electronica is now a part of Scanfield and included in our number since January 22, which means that we had more or less two-thirds of a quarter with MB Electronica. And we were happy with both getting that team on board, but also, I will get back to it later, the development of that company during the quarter. We also, on the organic side, announced the expansion of our site in Suzhou, where we will double our capacity in order to support the customers that are asking us for more capabilities and more opportunities for business. So that's also a very positive element. Then, continuing on the development of the quarter for the first time, you will see today our revenue in aerospace and defense carved out of the industrial segment, and we will start to report and give you a little bit more flavor on what is happening on that customer group, driven by the fact that it's now reaching the critical mass of 10% so I think that it's important that you get visibility and growing extremely strongly both coming from MB acquisition but also from our existing customer and post Scanfield cust...