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Scanfil

10.06 EUR

-0.59 %

5,433 following
Corporate customer

SCANFL

NASDAQ Helsinki

Software

Technology

-0.59 %
+0.80 %
-0.98 %
-2.71 %
-12.37 %
+23.28 %
+38.95 %
+60.70 %
+1,206.49 %

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.

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Market cap
658.69M EUR
Turnover
83.97K EUR
P/E (adj.) (25e)
15.48
EV/EBIT (adj.) (25e)
11.69
P/B (25e)
2.09
EV/S (25e)
0.83
Dividend yield-% (25e)
2.58 %
Coverage
Recommendation
Accumulate
Target price
10.50 EUR
Updated
2025-12-12
Disclaimer
Antti Viljakainen
Antti Viljakainen

Head of Research

Latest research

Latest analysis report

Released: 2025-12-12

Latest extensive report

Released: 2025-04-10

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
20/2
2026

Annual report '25

23/4
2026

Interim report Q1'26

24/4
2026

General meeting '26

Risk
Business risk
Valuation risk
Low
High
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Scanfil: Accelerating earnings growth starts to attract
Research by
Antti Viljakainen

Scanfil: Accelerating earnings growth starts to attract

However, with the valuation decrease due to the recent around 10% price drop (2026e: P/E 12x), we feel the expected return has improved and risen slightly above the required return. In our view, Scanfil also offers an attractive investment story of profitable growth in the longer term.

Scanfil
Scanfil completed the ADCO Circuits acquisition in the US
Analyst Comment by
Antti Viljakainen

Scanfil completed the ADCO Circuits acquisition in the US

Scanfil announced on Tuesday evening that it had completed the acquisition of US electronics contract manufacturer ADCO Circuits. We believe ADCO is a good strategic fit for Scanfil, and the valuation of the arrangement is also moderate, so the value creation potential of the rather small transaction seems promising.

Scanfil
Third party research

Scanfil: Revenue growth could be close to 20% y/y in 2026 - Nordea

Organic growth returned in Q3 y/y after some challenging years, but net sales and EBIT were slightly below LSEG Data & Analytics consensus in Q3. The near-term outlook seems promising, because the company was able to gain sizeable new customers during...

Scanfil
Forum discussions
Scanfil and Valmet have agreed to expand their cooperation into new geographical areas and products. The new agreements support Valmet’s geographical presence and growth through several products and product families. Full press release: Scanfil ja Valmet lujittavat yhteistyötään ...
12/17/2025, 7:36 AM
by Pasi Hiedanpää
17
The somewhat anticipated ADCO acquisition from the US has been completed. The company is very profitable and it brings significantly more defense industry business to Scanfil. Scanfil on saanut päätökseen yhdysvaltalaisen ADCO Circuitsin yritysoston - Scanfil
12/10/2025, 8:36 PM
by Pasi Hiedanpää
14
Antti has prepared a new company report on Scanfil. We reiterate our target price of EUR 10.50 for Scanfil and raise our recommendation for the company to Add (previously Reduce). We have not made material changes to our Scanfil forecasts, although the delay in acquisitions slightly...
12/12/2025, 5:40 AM
by Sijoittaja-alokas
10
Growth in America Revenue grew especially in America despite exchange rate effects. “Adjusted for the impact of exchange rate changes, revenue grew by 40.2 percent in America and 33.0 percent in APAC. Growth of 11.7 percent in Northern Europe was due to an Energy & Cleantech customer...
10/24/2025, 6:00 AM
by Dissidentti
7
Here are Antti’s comments regarding the announcement/news above. Scanfil announced on Tuesday evening that it had completed the acquisition of US electronics contract manufacturer ADCO Circuits. The completion of the deal was expected and has no material impact on our near-term forecasts...
12/11/2025, 6:23 AM
by Sijoittaja-alokas
5
The comment is here. The finalization of the MB deal is slightly delayed, for which resolving the complication caused by the fire is probably partly the reason. From the perspective of the share’s fair value, this naturally has no significance. The same naturally applies to the ADCO...
11/20/2025, 8:37 AM
by Antti Viljakainen
5
Let’s put this fresh Scanfil release here. 19.11.2025 12:15:11 EET | Scanfil Oyj | Inside Information Scanfil Oyj Stock Exchange Release 19.11.2025 at 12:15 p.m. Inside Information: Scanfil’s acquisition of MB Elettronica expected to be completed in January The completion of the ...
11/19/2025, 11:02 PM
by Sijoittaja-alokas
4
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