Scanfil updated its segment structure. The new five segments are called Advanced Consumer Applications, Automation & Safety, Connectivity, Energy & Cleantech, and Medtech & Life Science. Q1 growth was strongest in Advanced Consumer Applications, the largest segment that also includes elevators business. Energy & Cleantech, the second largest (includes e.g. reverse vending machines), also developed well.
Scanfil Q1 EBIT amounted to EUR 10.0m, compared to the EUR 10.5m/10.0m Evli/consensus estimates. Operating margin was therefore 6.1% (6.0% a year ago).
Scanfil guides EUR 600-640m in revenue and EUR 40-44m in adjusted EBIT for FY ’21 (unchanged). Uncertainty continues with respect to the availability of certain materials, especially semiconductors. The pandemic may also have a negative impact on customer demand and supply chain delivery capability.
Scanfil says there was scarcity in certain materials, however this did not have any major impact.
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