Scanfil secures a new 25 MEUR customer agreement from the industrial automation sector

Translation: Original published in Finnish on 05/15/2026 at 07:20 am EEST

Scanfil announced on Wednesday that it had signed a cooperation agreement with a leading industrial automation company. The preliminary production volume of the agreement is valued at 25 MEUR. We consider the new customer win positive news, serving as a good indication of Scanfil's competitiveness and supporting the company's organic growth prospects. We have already expected healthy organic growth from the company, and the ramp-up of new customer projects typically takes time, but we will review our Scanfil growth estimates as needed in connection with our next update.

The agreement supports the execution of the strategy and the growth of the Energy & Cleantech segment

Scanfil's new customer is part of a global technology group. We expect the cooperation to expand over the next three years with the ramp-up of the customer's production and follow-up projects. The customer relationship strengthens Scanfil's position in the Energy & Cleantech segment and supports the company's long-term growth in Europe and Asia. In our view, the agreement is an excellent fit with Scanfil's strategy to grow with global customers by utilizing the company's international factory network.

At a minimum, the agreement increases confidence regarding organic growth in the coming years

In our view, the preliminary production volume of 25 MEUR is moderate in Scanfil's scale (2026e revenue 984 MEUR) and represents about 2.5% of the company's estimated revenue for the current year. However, as a new customer, the agreement is of a very good size, as reaching higher volumes in the industry typically takes time. Although the timing of the volume was not specified, we expect revenue to be reflected in the figures gradually in the coming years, considering the typical cycles and ramp-up phases for the industry. Thus, a significant new customer win at a minimum strengthens our confidence in our estimated organic growth, and we will review our growth estimates in connection with our next update.