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SENASTE
Net sales and EBIT were below market consensus (LSEG) in Q1. Reported revenue growth was -3% and organic growth -7% in Q1 y/y. Weakness is coming from Central Europe and from Energy & Cleantech customers. Moreover, new projects won in Q4 were not yet fully visible as net sales for the Q1. The company has not seen order cancellations due to a trade war and maintains its FY outlook. However, we believe that overall uncertainty regarding 2025 has increased after the trade war started. But Scanfil is not directly exposed to tariffs, as it has its own assembly factory in the US.
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