Scanfil (SCANFL) Q3 2026 earnings summary

Executive summary

• Q3 turnover rose 31.8% YoY to EUR 252.2m, including 8.5% organic growth; comparable EBITA increased 26.1% to EUR 17.8m, with a 7.1% margin.

• January–September turnover advanced 26.3% to EUR 740.2m and comparable EBITA rose 27.1% to EUR 52.0m; comparable EBITA margin was 7.0%.

• Growth was broad-based, led by the Americas and Central Europe; acquisitions and new customer programs supported expansion.

Financial highlights

• Q3 turnover growth comprised EUR 16.2m organic growth, EUR 40.3m from acquisitions and EUR 4.3m from FX effects.

• Comparable EBITA rose 26.1% to EUR 17.8m; margin was 7.1% versus 7.4% in Q3 2025.

• Q3 net profit increased 26.0% to EUR 11.6m; EPS rose 25.4% to EUR 0.18 from EUR 0.14.

• 9M operating cash flow was EUR 10.0m versus EUR 41.4m, as working capital increased EUR 44.6m; investing cash flow was EUR -95.2m, including EUR 83.0m for acquired businesses.

Outlook and guidance

• FY 2026 guidance unchanged: turnover EUR 940–1,060m and comparable EBITA EUR 64–78m; management expressed greater confidence in achieving it.

• Management cited strong Q4 expectations and a positive 2027 outlook, supported by backlog, customer wins and improved visibility in longer-term customer forecasts.

• Long-term average annual turnover growth target raised to 15%; net debt/EBITDA target corridor set at 1–2.

• APAC margins expected to improve in Q4 as new-project ramp costs normalize and factory utilization rises; priorities include growth investment and cost and inventory control.