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Scanfil: Organic growth has sped up notably - Nordea

Scanfil reaffirmed its full-year guidance and reported better Q1 sales and clean EBIT than Infront consensus expected. Though the share price dropped upon the release of the company's Q1 report on 23 April, it had risen by 90% over the last 12 months and already reflects decent demand recovery. Visibility for the rest of the year is relatively good, which lowers the risks related to profitability. Due to good demand outlook, we upgrade our net sales estimates by 1-3% for 2021-23.

Our new fair value range for Scanfil is EUR 6.3-7.7 (5.6-6.9). Marketing material commissioned by Scanfil Oyj.
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