Scanfil: Sales volumes are improving - Nordea
On 12 April, Scanfil increased the midpoint of its 2023 revenue growth guidance range by 6%. The EUR 60m midpoint of its new operating profit guidance for this year is as much as 17% above Refinitiv consensus. The main reason for the good start to the year is improved component availability, which is speeding up delivery of the order backlog. Customer demand has also continued to strengthen. Visibility for firm orders, however, has not improved much. Following our new estimates, our fair value range for Scanfil increases to EUR 7.4-9.0 (6.8-8.2), based on three equally weighted valuation approaches (DCF, EV/EBITDA and P/E). Marketing material commissioned by Scanfil Oyj.
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