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Incap operates around the world. Our headquarters is in Helsinki, Finland.
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This is Incap

  • Provider of Electronics Manufacturing Services (EMS)
  • Almost 50 years of experience
  • Operations in Finland, Estonia, India, Slovakia, the United Kingdom, USA, Germany, Romania, and Hong Kong
  • Headquarters in Helsinki, Finland
  • 2025 revenue EUR 214.6 million
  • Personnel over 3,000
  • Listed on Nasdaq Nordic since 1997
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incap annual report

BUSINESS REVIEW JANUARY-MARCH 2026

Revenue for the first quarter 2026 amounted to EUR 56.0 million (1–3/2025: EUR 52.2 million). Year-on-year increase was 7.3%. Comparable EBITA amounted to EUR 5.2 million (EUR 6.0 million) or 9.2% of revenue (11.5%). Year-on-year decrease was 14.2%. Operating profit (EBIT) amounted to EUR 4.8 million (EUR 5.7 million) or 8.5% of revenue (11.0%). Year-on-year decrease was 16.7%.

Business review January–March 2026

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CEO’S MESSAGE

At the beginning of the year, our performance developed broadly in line with expectations and overall demand remained stable despite challenging market conditions. While the Lacon acquisition supported our revenue, due to some delayed component deliveries, certain orders were shifted into the second quarter.

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STRATEGY

The future growth of Incap builds on the entrepreneurial, agile and customer-driven culture of our employees, our flexible operational model as well our deeply engrained cost management mindset. We want to drive consolidation in the industry to benefit …

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INCAP INVESTMENT HIGHLIGHTS

  • Growing industry
  • Strong financial track record
  • Flexible and scalable operational model
  • Presence in Europe, USA and Asia
  • Broad customer offering
  • Strong entrepreneurial and customer-driven culture
  • Committed to corporate and social responsibility
  • Skilled and empowered personnel
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Ticker

INCAP HAS ACQUIRED LACON GROUP

On 4 December 2025, Incap Corporation announced that it had signed an agreement to acquire 100% ownership of Lacon Group, a well-established EMS company with facilities in Germany and Romania.

The acquisition was completed on 19 February 2026 after the approval of applicable regulatory clearances in Germany and Romania. Lacon Group is now a fully owned subsidiary of Incap Corporation, and its financial figures will be consolidated into Incap Group’s reporting as of 20 February 2026.

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