Scanfil: Energy and Cleantech segment driving growth - Nordea

Good demand and high utilisation ratios were behind the record-breaking operating profit in Q2. Full-year guidance was maintained, but we still upgrade our net sales and EBIT estimates by 2% for 2023.

Our estimates are now on the upper end of the guidance range. Our fair value range for Scanfil increases to EUR 9.2-11.2 (8.9-10.8), based on three equally weighted valuation approaches (DCF, EV/EBITDA and P/E). The company's 2023E EV/EBITDA multiple is now 6% above the peer group average.

Marketing material commissioned by Scanfil Oyj.

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