Scanfil: We forecast volume growth for Q4 - Nordea
The availability of electronic components has improved and end demand has been relatively healthy, so our EBIT estimate is slightly above Refinitiv consensus for Q4. The Chinese construction market could be a weak spot in Scanfil's Q4 report, but we expect other customer segments to offset this. We believe the guidance midpoint for 2023 EBIT could be set to EUR 49m, but reported revenue growth may stay negative this year due to declining component prices. Our fair value range for Scanfil remains at EUR 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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