OUTLOOK FOR 2020

Due to better visibility for the full-year performance, Incap revised its outlook for 2020 on 11 November 2020. Incap estimates that the revenue for 2020 will be significantly higher than in 2019 and the operating profit (EBIT) in 2020 will be higher than in 2019. The Group specifies that the estimated revenue in 2020 will be approximately EUR 105–107 million and the operating profit (EBIT) approximately EUR 10.5–11.5 million.

The increase in the estimated operating profit (EBIT) is based on good development primarily at the Indian factory. After the COVID-19 pandemic related closure of the Indian factory, the backlog has been cleared and the demand from some existing customers has increased more than previously estimated. The estimated revenue growth is mainly driven by the AWS Electronics Group acquisition finalised in January 2020.

In 2019, Incap’s revenue amounted to EUR 71.0 million and the operating profit (EBIT) was EUR 10.1 million. In January-September 2019, the company’s revenue amounted to EUR 54.8 million and the operating profit (EBIT) was EUR 8.0 million.

The estimates are given provided that there are no major negative changes in the COVID-19 pandemic situation, currency exchange rates or in component availability and they are based both on Incap’s customers’ forecasts and the company’s own assessments of the business development.

Incap’s outlook for 2020 as published on 11 November 2020:

“Due to better visibility for the full-year performance, Incap revises its outlook for 2020. Incap estimates that the revenue for 2020 will be significantly higher than in 2019 and the operating profit (EBIT) in 2020 will be higher than in 2019. The previous outlook published in the half-year financial report estimated that the revenue for 2020 will be significantly higher than in 2019 and operating profit (EBIT) in 2020 will be approximately on the same level as in 2019.”

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