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Scanfil Oyj (HLSE:SCANFL) Stock Faces Margin Quality Test After One Off Gain Boosts Earnings

Simply Wall St · 19h ago

Scanfil Oyj (HLSE:SCANFL) has reported Q2 2026 revenue of €259.7 million, basic EPS of €0.17 and net income of €11 million, with the latest trailing 12 month figures showing revenue of €891.213 million, EPS of €0.655854 and net income of €42.893 million that includes a €9.9 million one off gain. Over recent quarters the company has seen revenue move from €202.2 million in Q2 2025 to €211.013 million in Q4 2025 and €259.7 million in Q2 2026, while quarterly EPS ranged from €0.127273 in Q1 2025 to €0.199891 in Q4 2025 and €0.17 in the latest period. This frames a picture in which a 4.8% net margin and solid top line scale become the key focus for investors assessing the quality and sustainability of these results.

See our full analysis for Scanfil Oyj.

With the headline numbers on the table, the next step is to see how this mix of revenue scale, EPS trends and margins lines up against the prevailing market narratives around Scanfil Oyj's growth prospects and risk profile.

See what the community is saying about Scanfil Oyj

HLSE:SCANFL Revenue & Expenses Breakdown as at Jul 2026
HLSE:SCANFL Revenue & Expenses Breakdown as at Jul 2026

Revenue Growth Outpaces Earnings Momentum

  • Over the last 12 months, Scanfil Oyj generated €891.213 million in revenue and €42.893 million in net income, with earnings rising 16.5% year on year alongside revenue growth of 7.7% per year.
  • Analysts' consensus view links this steady top line expansion to long term earnings potential, yet also flags that future profit growth could be influenced by global supply chain shifts and customer concentration.
    • Revenue is forecast to grow 7.7% per year compared with a 4.6% forecast for the wider Finnish market, while earnings are expected to grow around 12% per year.
    • At the same time, the consensus narrative highlights that reliance on a small group of large customers and sector pricing pressure could affect how much of that revenue growth turns into profit over time.

4.8% Net Margin Meets One Off Reality Check

  • The trailing net profit margin of 4.8% is slightly above last year’s 4.7%, but the period includes a €9.9 million one off gain that affects reported earnings quality.
  • Bears argue that recent margin strength for Scanfil Oyj may be harder to maintain once that one off is stripped out and input costs or regulatory expenses rise.
    • Concerns focus on higher labor and input costs in Central and Eastern Europe and the possibility that rising environmental regulation could add to operating costs.
    • Because the €9.9 million non recurring gain is embedded in the €42.893 million of trailing net income, critics see a risk that current margin levels could look less resilient when that item is excluded.
For a closer look at how skeptics think these costs and one offs shape the long term picture, check the detailed bear case 🐻 Scanfil Oyj Bear Case

P/E Discount And DCF Gap On Display

  • At a share price of €11.54, Scanfil Oyj trades on a 17.7x P/E, below peers at 23.1x and the European Electronic industry at 20.5x, and sits under an indicated DCF fair value of €12.61.
  • Bullish investors point to this combination of valuation and growth as support for their case that the stock is priced conservatively relative to its fundamentals.
    • Earnings grew 16.5% over the past year and analysts expect around 12% annual earnings growth, which bulls argue is not fully reflected in the current 17.7x P/E.
    • The approximately 8.5% gap between the €11.54 share price and the €12.61 DCF fair value is seen by optimists as an extra cushion while the company continues to grow revenue and earnings.
If you want to see how bullish investors build their case around these growth and valuation numbers, take a look at the full bull narrative 🐂 Scanfil Oyj Bull Case

Next Steps

To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Scanfil Oyj on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves.

Given the mix of positives and concerns around Scanfil Oyj, it may be useful to review the numbers in detail and shape your own view using the 4 key rewards and 1 important warning sign.

See What Else Is Out There

Scanfil Oyj's profitability picture is clouded by a one off gain, customer concentration and cost pressures, which together raise questions around margin resilience.

If that mix of earnings quality concerns has you wanting steadier foundations, check out solid balance sheet and fundamentals stocks screener (417 results) to focus on companies where balance sheet strength supports more consistent performance.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.