Scanfil (SCANFL) Q4 2025 earnings summary

Executive summary

• Q4 2025 featured robust organic growth of 7.6%, major acquisitions (ADCO Circuits and MB Elettronica), and capacity expansions in China, Malaysia, and the USA, positioning the company for future growth in key sectors including Aerospace & Defense, Medtech & Life Science, Energy, and Cleantech.

• Full-year turnover rose 2.2% to EUR 797.1 million, with organic growth of 2.6% and acquisitions contributing 3.4%.

• Comparable EBITDA/EBITA margin remained stable at 7.1%, with Q4 margin at 7.3%.

• Earnings per share increased to EUR 0.63, and net profit reached EUR 40.9 million, up 5.9% year-over-year.

• Strong financial position and cash generation support continued organic and acquisitive growth.

Financial highlights

• Q4 organic revenue growth was 7.6% year-over-year; full-year organic growth was 2.6%.

• Q4 turnover was EUR 211.0 million (-0.6% year-over-year); full-year turnover EUR 797.1 million (+2.2%).

• Comparable EBITDA/EBITA for Q4 was EUR 15.5 million (7.3% margin); full-year EUR 56.4–56.5 million (7.1% margin).

• Net profit for the year was EUR 40.9 million; EPS rose to EUR 0.63.

• Net debt decreased to EUR 9.6–10 million; net debt/EBITDA at 0.12; equity ratio at 53.9–54%.

Outlook and guidance

• 2026 turnover guidance: EUR 940–1,060 million; comparable EBITDA/EBITA: EUR 64–78 million.

• Focus on integrating ADCO and MB Elettronica, sustaining organic growth, and maintaining cost and inventory control.

• Aerospace and defense will be reported as a separate customer group from Q1 2026.

• Investments in China, Malaysia, and the USA to support growth.