Scanfil Oyj
Sector unknown·SCANFL · Nasdaq Helsinki·Fiscal year to 31/12/2025
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Labour and wages
Raw materials and inputs
DriverNegative impact: weakens
“Companies with complex supply chains and aggressive purchasing practices may inadvertently contribute to child and forced labour. Without stronger due diligence and responsible sourcing, these risks are likely to grow, perpetuating human rights violations, undermining community development, and exposing businesses to legal, reputational, and operational consequences, threatening long-term sustainable progress. • To ensure that suppliers share the same values as Scanfil, the aim is to have all suppliers to sign the Scanfil’s Supplier Code of Conduct. • Scanfil does also evaluate the supplier’s compliance during supplier audits and visits in general. • Gender equality is a fundamental principle in Scanfil’s Supplier Code of Conduct.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“A high rate of sick leave incurs costs associated with absenteeism. Additionally, periods in which absent employees need replacement lead to competence gaps and possibly lower service quality as well as increased overtime costs for other employees covering the tasks.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“A constant risk is the possibility of losing experienced workforce driven by minor differentiation in pay between employees with long years of work compared to junior employees. This is observed mainly in Poland where the minimum wage which is offered to junior employees was increased significantly due to country regulations, while more experienced worker salaries did not increase to the same extent.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“Additionally, both the development ideas driven from the Employee Engagement Survey and Safety Council meetings are shared between factories as best practices to continuously enhance compa-ny standards, even exceeding the country’s regulations. • In all of Scanfil’s sites, the requirement for minimum required wages is met.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“To make sure that the working conditions meet employee expectations, Scanfil also includes this area in the annual Employee Engagement Survey. Whenever low scores are observed, the responsible unit is obligated to take improvement actions.”
Annual report 2025A · The company itself
InputNegative impact: weakens
“All Scanfil employees are paid living wages. No salaries are lower than the minimum wage mandated in the country in question which at Scanfil is perceived as an adequate wage. In the countries which do not define minimum wage, for examples USA, the wages are maintained on the levels benchmarked with local market and reviewed periodically.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“A strong DEI driven culture fosters innovation, collaboration, and a sense of belonging by ensuring fair opportunities and diverse representation. Such environ-ments attract top talent, improve engagement and decision making, and strengthen trust with employees and communities.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Secondly, Scanfil believes that these activities will encourage female professionals to apply for managerial roles and grow in the organization. This would directly contribute to the target for women representation in the Senior Management.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“It widely addresses the treatment of people and the respect for human rights. It includes the commitments to the environment and the health and safety of its employees and visitors.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“To prevent and mitigate the risk of impact, Scanfil seeks to do business with suppliers that share the company’s core values and commit to international standards as outlined in chapter 3.2.1 Policies related to value chain workers. Before approving a new supplier, Scanfil conducts a thorough assessment to ensure that potential new suppliers uphold strong sustainable practices and a commitment to labor and human rights.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“To achieve a positive material impact for workers in Scanfil value chain, Scanfil continuously works to improve supplier policies and processes. This is done through regular supplier improvement meetings or quarterly business reviews of the preferred suppliers. In these meetings, the supplier’s sustainability rating, as assessed by Ecovadis, is reviewed and actions to improve are agreed.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“4.1.5 Payment practices The standard payment term in the new supplier instruction form instructs a minimum of 30 days net, but can be reconsidered individually if the supplier is a small company or for another reason. In many operating countries e.g. in Poland and Finland local legislation drives to pay invoices on time.”
Annual report 2025A · The company itself
Market
“The Scanfil workforce mainly consists of Scanfil contracted employees comprising 87% of the total workforce (89% in 2024).”
Annual report 2025A · The company itself
Defence industry
End markets
DriverPositive impact: strengthens
“Aerospace & Defense together with Energy & Cleantech ae expected to drive the demand.”
Annual report 2025A · The company itself
DriverPositive impact: strengthens
“Very strong development with defense customers inside of the customer group.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Scanfil seeks to broaden its customer base and expand its geographical presence through acquisitions, thereby strengthening its position in the strategic Aerospace & Defense and Medtech & Life Science sectors.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Through acquisitions, Scanfil aims to bring in new customers, strengthen its foothold in strategic growth sectors – Aerospace & Defense and Medtech & Life Science – and expand geographical presence.”
Annual report 2025A · The company itself
Market
“ADCO Circuits, acquisition completed in December, expands our footprint in the Americas region and brings a strong customer portfolio in the fast-growing Aerospace & Defense business.”
Annual report 2025A · The company itself
Market
“MB Elettronica, acquisition completed in January 2026, enhances Scanfil’s footprint in Southern Europe with a strong portfolio in Aerospace & Defense and Medtech & Life Science customer groups.”
Annual report 2025A · The company itself
Market
“This strategic acquisition accelerates Scanfil’s growth, especially in the Aerospace & Defense industry, which generated 40% of MB’s turnover in 2025.”
Annual report 2025A · The company itself
Chains in: Defence budgets strengthens
EU climate and energy policy
Regulation
DriverNegative impact: weakens
“A significant challenge for Scanfil relates to GHG emissions arising from purchased goods and services, categorized under Scope 3.1.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“Scanfil is aware of that the transition to greener and climate-neutral operations might require some investments in the production units’ infrastructure, changes in the supply chain setup and collaboration practices with remote stakeholders. However, it’s of strategic importance to avoid that these changes would negatively impact its own workforce.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Greenhouse gas emissions in the value chain In 2025, Scanfil continued its structured and long-term program to reduce GHG emissions across the value chain. Scanfil actively encourages suppliers to establish emission reduction targets as part of its broader climate change mitigation efforts. To strengthen supplier engagement, the company requires all key and preferred suppliers to complete an Ecovadis assessment, in alignment with the Supplier Code of Conduct.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Scanfil is committed to a net zero target for 2050 and the validation of this is planned for the first half of 2026. The validation will be carried out by Science Based Targets initiative.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“All Scanfil factories, except for the recently acquired unit in 2025, are ISO 14001 certified, demonstrating the Group’s commitment to a systematic environmental management. The certification reflects continuous efforts to prevent environmental impact, reduce greenhouse gas emissions and optimize the use of natural resources.”
Annual report 2025A · The company itself
Chains out: this strengthens Circular economy and recycling, strengthens Energy efficiency
Medical devices
Technology
StrategyPositive impact: strengthens
“Scanfil seeks to broaden its customer base and expand its geographical presence through acquisitions, thereby strengthening its position in the strategic Aerospace & Defense and Medtech & Life Science sectors.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Through acquisitions, Scanfil aims to bring in new customers, strengthen its foothold in strategic growth sectors – Aerospace & Defense and Medtech & Life Science – and expand geographical presence.”
Annual report 2025A · The company itself
Market
“MB Elettronica, acquisition completed in January 2026, enhances Scanfil’s footprint in Southern Europe with a strong portfolio in Aerospace & Defense and Medtech & Life Science customer groups.”
Annual report 2025A · The company itself
Market
“Serving around 160 clients, Scanfil produces approximately 10,000 products annually, ranging from medical devices to heat pumps and recycling systems.”
Annual report 2025A · The company itself
Market
“Medtech & Life Science turnover decreased by 6.7% in the full year. New customer projects won in the full year totaled EUR 40.7 million, an increase of EUR 10.5 million from last year. Medtech & Life Science is one of our strategic growth areas, and we continue investing in sales and capabilities.”
Annual report 2025A · The company itself
Market
“It caters to leading companies in the Industrial, Energy & Cleantech, and Medtech & Life Science sectors.”
Annual report 2025A · The company itself
Chains in: Ageing population strengthens
Industrial manufacturing
End markets
Market
“Scanfil is a global EMS company that specializes in industrial customers and lowto-mid-volume production.”
Annual report 2025A · The company itself
Market
“The Industrial customer group’s turnover decreased by 0.7% in the full year. New customer projects won in 2025 totaled EUR 95.8 million, an increase of 15.1% from the last year. This gives us confidence in our future development.”
Annual report 2025A · The company itself
Market
“It caters to leading companies in the Industrial, Energy & Cleantech, and Medtech & Life Science sectors.”
Annual report 2025A · The company itself
Market
“In the value chain, an EMS company like Scanfil can be a subcontractor to an Original Equipment Manufacturer (OEM), e.g., Tomra, which sells the reverse vending machine to a supermarket or Danfoss, which supplies a heat pump to cool and heat a building.”
Annual report 2025A · The company itself
Market
“Scanfil sources most of the purchased goods and services in the form of materials and components that are used in the manufacturing of customer-designed products and sub-assemblies. These include system integration, printed circuit board assembly (PCBA), and box builds.”
Annual report 2025A · The company itself
Solar power
Technology
DriverPositive impact: strengthens
“Opportunity: By consuming renewable energy, Scanfil can replace fossil-based energy sources. Renewable energy already accounts for 60% of the energy used in Scanfil’s production (scope 1 and scope 2). • Working on adapting own facilities to climate change. • Adapting heating and cooling units in facilities. • Having adaptation strategies for extreme weather events. • Scanfil’s strategic target is to improve its energy efficiency and the transition to fossil-free fuels, as well as fossil-free purchased electricity and heat.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Substantial contribution - CCM 4.1 The activity generates electricity using solar PV technology. Scanfil operates a roof solar generator system on one of its manufacturing sites thus complying with the criteria.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“In 2024, Scanfil invested in solar panel installations at its production facility in Suzhou, China. The system provides the facility with self-produced renewable energy, reducing dependence on external energy sources. In 2025, the facility produced a total of 1,781 MWh of renewable electricity.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“In support of global climate objectives, the Policy expresses Scanfil’s long-term ambition to mitigate climate change by transitioning toward renewable energy consumption. While the Policy does not prescribe detailed implementation measures, it defines clear priorities, including the procurement of renewable energy for production facilities and the development of in-house renewable energy generation capacity.”
Annual report 2025A · The company itself
Utilities
End markets
InputNegative impact: weakens
“Scanfil purchases certificates of renewable electricity. Suppliers are trusted by Scanfil, as recognized suppliers from the respective areas where Scanfil has business.”
Annual report 2025A · The company itself
Market
“Scanfil serves customers in Energy & Cleantech by manufacturing energy- and environmentally related products within energy production, infrastructure and efficiency, as well as carbon capturing, emission control and waste management which all contribute to minimizing climate change.”
Annual report 2025A · The company itself
Market
“The Energy & Cleantech turnover increased by 3.7% in the full year. New customer projects won totaled EUR 83.2 million, an increase of 12.7% from the last year. We see a positive trend.”
Annual report 2025A · The company itself
Market
“It caters to leading companies in the Industrial, Energy & Cleantech, and Medtech & Life Science sectors.”
Annual report 2025A · The company itself
Circular economy and recycling
Regulation
DriverNegative impact: weakens
“2.3.2 Actions and resources related to resource use and the circular economy As a contractual manufacturer, Scanfil has a limited influence on the design and intended use of the end-products since the use of sold goods and end-of-life treatment is outside the company’s scope. Therefore, the focus is on efficient use of resources as well as reducing waste and increasing recycling.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“For Scanfil adopting effective waste reduction and management methods is essential for a sustainable and healthy future and promotes the company’s business development. • Invest in new technology and follow the development of new methods to take care of waste in a more sustainable way. • Develop cleaner process technologies that reduce waste. • Choose suppliers based on the sustainability perspective and always try to promote recycling options.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Key elements include: • Integration of environmental considerations: Scanfil incorporates environmental issues into all business strategies and initiatives. This holistic approach ensures that resource use is aligned with sustainability goals and contributes to a circular economy. • Compliance and commitment: Scanfil adheres to laws, regulations, and other environmental requirements, which guides its practices in resource management and waste reduction.”
Annual report 2025A · The company itself
Chains in: EU climate and energy policy strengthens
Cybersecurity (products and services)
Technology
DriverPositive impact: strengthens
“Strong cybersecurity protects sensitive data, ensures business continuity, and builds stakeholder trust. It prevents financial losses, enhances compliance, and safeguards reputation.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“• Likelihood is determined through threat intelligence, historical data, and industry trends. Sources include cybersecurity frameworks (NIS, ISO), threat intelligence platforms (Cyber awareness platform), incident response data, and vulnerability assessments. Conducting regular audits, penetration tests, and staying informed through industry reports ensures a proactive and adaptive cyber-security strategy. • Scanfil is committed to foster strong partnerships with suppliers who align with its core values.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Additionally, in 2025 Scanfil implemented Business Ethics training for at-risk functions.”
Annual report 2025A · The company itself
Chains in: Cyber attacks and IT security risk strengthens
Chains out: this strengthens Digitalisation
Energy efficiency
Technology
StrategyPositive impact: strengthens
“Renewable energy already accounts for 60% of the energy used in Scanfil’s production (scope 1 and scope 2). • Working on adapting own facilities to climate change. • Adapting heating and cooling units in facilities. • Having adaptation strategies for extreme weather events. • Scanfil’s strategic target is to improve its energy efficiency and the transition to fossil-free fuels, as well as fossil-free purchased electricity and heat.”
Annual report 2025A · The company itself
Market
“Serving around 160 clients, Scanfil produces approximately 10,000 products annually, ranging from medical devices to heat pumps and recycling systems.”
Annual report 2025A · The company itself
Market
““Manufacture of energy efficiency equipment for buildings”: Scanfil manufactures a series of products and key components fulfilling the substantial contribution criteria for a selection of valid subsections.”
Annual report 2025A · The company itself
Chains in: Carbon tax and ETS prices strengthens, EU climate and energy policy strengthens
Europe
Geography
Market
“MB Elettronica, acquisition completed in January 2026, enhances Scanfil’s footprint in Southern Europe with a strong portfolio in Aerospace & Defense and Medtech & Life Science customer groups.”
Annual report 2025A · The company itself
Geography
“Central Europe turnover decreased organically by 3.0% compared to 2024.”
Annual report 2025A · The company itself
Geography
“In addition, MB has a strong position in domestic Italian and Southern European markets, and within the Industrial and Medtech & Life Science customer groups.”
Annual report 2025A · The company itself
Semiconductors and electronic components
Raw materials and inputs
InputNegative impact: weakens
“Scanfil conducts climate risk assessments of geographical locations and parameters connected to a heightened risk of adverse risks and impacts taking into consideration that a majority of the sourcing base of electronic components is in potential risk areas, where scenarios are based on information from the IPCC.”
Annual report 2025A · The company itself
Market
“Most operations fall under NACE code 26 (computers, electronic, and optical products), which is not yet covered by the initial Delegated Act on Climate.”
Annual report 2025A · The company itself
Market
“Scanfil sources most of the purchased goods and services in the form of materials and components that are used in the manufacturing of customer-designed products and sub-assemblies. These include system integration, printed circuit board assembly (PCBA), and box builds.”
Annual report 2025A · The company itself
Chains in: Artificial intelligence strengthens
Electrification
Technology
Market
““Manufacture of low carbon technologies for transport”: Scanfil manufactures on-board charger and frequency converters, fulfilling the substantial contribution criteria for a selection of two subsections: (i) vehicles of categories N2 and N3; (m) sea and coastal passenger water transport vessels. • CCM 3.5.”
Annual report 2025A · The company itself
Market
““Manufacture, installation, and servicing of high, medium and low voltage electrical equipment for electrical transmission and distribution that result in or enable a substantial contribution to climate change mitigation”: Scanfil manufactures a number of products fulfilling the substantial contribution criteria for a selection of valid subsections. Those subsections being: a) electric vehicle charging stations and supporting electric infrastructure for the electrification of transport that is installed primarily to enable electric vehicle charging; c) low voltage electrical products, equipment and systems, that increase the controllability of the electricity system, and contribute to increasing the proportion of renewable energy or improve energy efficiency; e) demand response and load shifting equipment, systems and services that increase the flexibility of the electricity system and support grid stability.”
Annual report 2025A · The company itself
Chains out: this strengthens Electricity, strengthens Power grid expansion, strengthens Copper
ESG and sustainability reporting
Regulation
StrategyPositive impact: strengthens
“All Scanfil factories, except for the recently acquired unit in 2025, are ISO 14001 certified, demonstrating the Group’s commitment to a systematic environmental management. The certification reflects continuous efforts to prevent environmental impact, reduce greenhouse gas emissions and optimize the use of natural resources.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“The same high sustainability standard required for Scanfil must also be applied by Scanfil’s suppliers. The responsibility of the policy is Scanfil’s Chief Supply Chain Officer (CSCO). Scanfil requests that its suppliers always adhere to all applicable laws, regulations, and international standards related to sustainable procurement, including the UN Global Compact principles and International Labor Organization (ILO) rules.”
Annual report 2025A · The company itself
Labour regulation
Regulation
DriverNegative impact: weakens
“The aspects regulated by law in operating countries are followed and monitored well by the Factory Management and external audits.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“This policy emphasizes Scanfil’s commitment to support and respect the United Nations Global Compact principles as well as the International Labour Organization (ILO) core standards: Freedom of association and the right to collective bargaining, the elimination of forced labor, the effective abolition of child labor and the elimination of discrimination in respect of employment and occupation.”
Annual report 2025A · The company itself
Power grid expansion
Technology
Market
“Serving around 160 clients, Scanfil produces approximately 10,000 products annually, ranging from medical devices to heat pumps and recycling systems.”
Annual report 2025A · The company itself
Market
““Manufacture, installation, and servicing of high, medium and low voltage electrical equipment for electrical transmission and distribution that result in or enable a substantial contribution to climate change mitigation”: Scanfil manufactures a number of products fulfilling the substantial contribution criteria for a selection of valid subsections. Those subsections being: a) electric vehicle charging stations and supporting electric infrastructure for the electrification of transport that is installed primarily to enable electric vehicle charging; c) low voltage electrical products, equipment and systems, that increase the controllability of the electricity system, and contribute to increasing the proportion of renewable energy or improve energy efficiency; e) demand response and load shifting equipment, systems and services that increase the flexibility of the electricity system and support grid stability.”
Annual report 2025A · The company itself
Chains in: Electricity strengthens, Electrification strengthens, Energy security strengthens, Wind power strengthens, Reconstruction of Ukraine strengthens
United States
Geography
Market
“ADCO Circuits, acquisition completed in December, expands our footprint in the Americas region and brings a strong customer portfolio in the fast-growing Aerospace & Defense business.”
Annual report 2025A · The company itself
Geography
“In the market segments, America’s turnover increased by 31.7% compared to 2024.”
Annual report 2025A · The company itself
Chains in: USD vs DKK/EUR mixed effect
Wind power
Technology
DriverPositive impact: strengthens
“Opportunity: By consuming renewable energy, Scanfil can replace fossil-based energy sources. Renewable energy already accounts for 60% of the energy used in Scanfil’s production (scope 1 and scope 2). • Working on adapting own facilities to climate change. • Adapting heating and cooling units in facilities. • Having adaptation strategies for extreme weather events. • Scanfil’s strategic target is to improve its energy efficiency and the transition to fossil-free fuels, as well as fossil-free purchased electricity and heat.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“In support of global climate objectives, the Policy expresses Scanfil’s long-term ambition to mitigate climate change by transitioning toward renewable energy consumption. While the Policy does not prescribe detailed implementation measures, it defines clear priorities, including the procurement of renewable energy for production facilities and the development of in-house renewable energy generation capacity.”
Annual report 2025A · The company itself
Chains in: Interest rates weakens, Energy security strengthens
Chains out: this strengthens Steel, strengthens Rare earths and critical raw materials, strengthens Renewables auctions and subsidies, strengthens Power grid expansion
Automotive
End markets
Market
““Manufacture of low carbon technologies for transport”: Scanfil manufactures on-board charger and frequency converters, fulfilling the substantial contribution criteria for a selection of two subsections: (i) vehicles of categories N2 and N3; (m) sea and coastal passenger water transport vessels. • CCM 3.5.”
Annual report 2025A · The company itself
Contract manufacturers as a business (EMS, CMO, CRO)
End markets
Market
“Scanfil sources most of the purchased goods and services in the form of materials and components that are used in the manufacturing of customer-designed products and sub-assemblies. These include system integration, printed circuit board assembly (PCBA), and box builds. The company’s production is based on customer specifications, but customers also request Scanfil to align with their set sustainability goals, particularly regarding transparency in lifecycle emissions and carbon reduction targets.”
Annual report 2025A · The company itself
Chains in: Biotech and drug development strengthens
Hybrid work and office use
Macro
StrategyPositive impact: strengthens
“Social information Working time and work-life balance Scanfil offers its workforce flexible work hours whenever possible based on the nature of the work and monitors overtime hours closely to make sure it follows the labor law regulations and ensures employee well-being. Hybrid or remote work is offered where requested and possible.”
Annual report 2025A · The company itself
Chains out: this weakens Office and commercial property
Public investment and infrastructure
Regulation
StrategyPositive impact: strengthens
“To ensure systematic progress, Scanfil allocates 2–3% of annual revenue to long-term investments in factory development. Each facility operates under an investment plan that outlines site-specific projects and priorities.”
Annual report 2025A · The company itself
Chains in: Reconstruction of Ukraine strengthens
Chains out: this strengthens Construction, strengthens Digitalisation, strengthens IT consulting and public-sector IT
Shipping and logistics
End markets
Market
““Manufacture of low carbon technologies for transport”: Scanfil manufactures on-board charger and frequency converters, fulfilling the substantial contribution criteria for a selection of two subsections: (i) vehicles of categories N2 and N3; (m) sea and coastal passenger water transport vessels. • CCM 3.5.”
Annual report 2025A · The company itself
Chains in: Carbon tax and ETS prices weakens, Global trade volumes strengthens, Fuel strengthens
SMEs
End markets
Market
“Scanfil primarily provides its expertise and services to international large and medium-sized companies with low or medium volumes and complex products, while also and selectively serving smaller fast-growing companies.”
Annual report 2025A · The company itself
Tariffs and trade policy
Macro
StrategyPositive impact: strengthens
“Scanfil’s Sustainable Procurement Policy is valid for all employees in the upstream value chain. In addition to the Policy, Scanfil has a Supplier Code of Conduct which has been developed following the guidelines from RBA (Responsible Business Association). By following the recommendation from RBA, Scanfil can ensure that the Scanfil Code of Conduct sets commitments in line with the OECD, UN & ILO.”
Annual report 2025A · The company itself
Chains in: Geopolitical uncertainty strengthens
Chains out: this weakens Global trade volumes
Climate change and extreme weather
Macro
DriverNegative impact: weakens
“Changes in weather patterns due to rising temperatures may disrupt operations, increase operating costs and result in lost revenue or missed growth opportunities for Scanfil.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“The result indicates that Scanfil is exposed to acute and chronic physical risks in terms of extreme weather events in some of its production facilities, which consequently added one additional material financial risk into the Groups DMA.”
Annual report 2025A · The company itself
Chains out: this weakens Agriculture and food production
Carbon tax and ETS prices
Regulation
DriverNegative impact: weakens
“A significant challenge for Scanfil relates to GHG emissions arising from purchased goods and services, categorized under Scope 3.1.”
Annual report 2025A · The company itself
Chains out: this weakens Shipping and logistics, strengthens Energy efficiency, weakens Cement and building materials
Subcontractors and haulage capacity
Raw materials and inputs
InputNegative impact: weakens
“Supply chain excellence in imperative to Scanfil, bought services are approximately 70% of costs.”
Annual report 2025A · The company itself
Electricity
Raw materials and inputs
DriverPositive impact: strengthens
“Scanfil operates globally, focusing on energy-efficient, fossil-free solutions, especially in warmer regions e.g. China and the US, where cooling demands are high. While stable conditions are expected elsewhere, uncertainties around climate change prompt a commitment to sustainability and increased fossil-free energy use.”
Annual report 2025A · The company itself
InputNegative impact: weakens
“Scanfil needs electricity and heat in its production. The risk of rising energy availability and costs is believed to be small in the short term in Europe, and will not have a significant impact on short-term revenue or profitability expectations. In the longer term, there may still be risks to the availability of energy.”
Annual report 2025A · The company itself
Chains in: Data centres strengthens, Electrification strengthens
Chains out: this strengthens Power grid expansion
Inflation
Macro
DriverNegative impact: weakens
“Overall inflation has an impact on the Group’s cost structure. Inflation has slowed down, but the future development is uncertain.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“A constant risk is the possibility of losing experienced workforce driven by minor differentiation in pay between employees with long years of work compared to junior employees. This is observed mainly in Poland where the minimum wage which is offered to junior employees was increased significantly due to country regulations, while more experienced worker salaries did not increase to the same extent.”
Annual report 2025A · The company itself
Chains out: this weakens Consumer spending, strengthens Interest rates
Business cycle and GDP growth
Macro
DriverNegative impact: weakens
“The weakening of the global economy and the declining demand of investment goods might have a negative impact on the development of business of Scanfil’s customers and weaken the demand in the contract manufacturing market.”
Annual report 2025A · The company itself
Chains out: this strengthens Global trade volumes, strengthens Construction
Consumer spending
Macro
DriverNegative impact: weakens
“As a cost-driven company, it is always important for Scanfil to search for supplier relations that give the best-landed cost. This can cause tensions between the choice of low price or low sustainability risks.”
Annual report 2025A · The company itself
Chains in: Inflation weakens
Chains out: this strengthens Retail, strengthens Hospitality and leisure, strengthens Premium consumers, strengthens Grocery retail and private label
Denmark
Geography
DriverPositive impact: strengthens
“Additionally, both the development ideas driven from the Employee Engagement Survey and Safety Council meetings are shared between factories as best practices to continuously enhance compa-ny standards, even exceeding the country’s regulations. • In all of Scanfil’s sites, the requirement for minimum required wages is met.”
Annual report 2025A · The company itself
Geopolitical uncertainty
Macro
DriverNegative impact: weakens
“The continuation and expansion of conflicts in Ukraine and the Middle East may have an impact on the business environments of Scanfil and its customers.”
Annual report 2025A · The company itself
Chains out: this strengthens Defence budgets, strengthens Energy security, strengthens Tariffs and trade policy, weakens Global trade volumes, strengthens Sea freight and freight rates, weakens Reconstruction of Ukraine
Global trade volumes
Macro
DriverNegative impact: weakens
“To strengthen supplier engagement, the company requires all key and preferred suppliers to complete an Ecovadis assessment, in alignment with the Supplier Code of Conduct. Compliance and progress are systematically monitored through supplier assessments and audits. By the end of 2025, Ecovadis coverage among key and preferred suppliers exceeded 76%, marking a significant step towards enhanced transparency and accountability across the supply chain.”
Annual report 2025A · The company itself
Chains in: Tariffs and trade policy weakens, Geopolitical uncertainty weakens, Business cycle and GDP growth strengthens
Chains out: this strengthens Shipping and logistics
Natural gas
Raw materials and inputs
DriverPositive impact: strengthens
“Scanfil operates globally, focusing on energy-efficient, fossil-free solutions, especially in warmer regions e.g. China and the US, where cooling demands are high. While stable conditions are expected elsewhere, uncertainties around climate change prompt a commitment to sustainability and increased fossil-free energy use.”
Annual report 2025A · The company itself
Asia and emerging markets
Geography
Geography
“APAC turnover increased organically by 8.7% compared to 2024.”
Annual report 2025A · The company itself
Geography
“As disclosed in the 2024 Sustainability Statement, Scanfil acquired two new factories in Australia and Malaysia in 2024, which have since been included in the Group’s reporting.”
Annual report 2025A · The company itself
China
Geography
Geography
“In January, we announced a significant investment in our Chinese operations, where we have seen increased demand and have a positive outlook.”
Annual report 2025A · The company itself
Packaging regulation and deposit schemes
Regulation
DriverNegative impact: weakens
“Key points include: • Resource responsibility: Suppliers are expected to use resources responsibly and work toward minimizing their environmental impact. • Energy efficiency: According to the Supplier Code of Conduct, energy consumption and greenhouse gas emissions are to be tracked and documented, at the facility and/or corporate level. • Transparency: Suppliers should disclose their environmental practices and performance according to the applicable regulations and industry standards, as well as their GHG emissions.”
Annual report 2025A · The company itself
Pandemics and outbreaks
Macro
DriverNegative impact: weakens
“Pandemics could affect the Group’s business. The effects can include, for example, factory closings, increased staff sick leave and quarantines, the costs of protective measures, even a temporary stoppage of production and/or delays in the delivery of materials and manufactured products.”
Annual report 2025A · The company itself
Chains out: this weakens Aviation and travel, strengthens Vaccines (travel health and preparedness)
Water
Raw materials and inputs
InputNegative impact: weakens
“Water and marine resources Scanfil is not a large consumer of water yet believes taking responsibility for its water consumption is important. The manufacturing processes use a moderate amount of water, indicating that water usage is not a significant part of operations.”
Annual report 2025A · The company itself
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 0.8 bn EUR |
| Revenue growth vs. the year before, same method | 2.2 % |
| EBITDA reported by the company | N/A |
| Net debt debt incl. leasing minus cash | 0.01 bn EUR |
| Diluted EPS per share | 0.62 EUR |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | ✓ |
| Growing | ✓ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (EUR), not converted to DKK. Quotes are shown as the company's own words in the report's original language.