WELCOME TO INCAP’S INVESTOR PAGES

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

This is Incap

  • Provider of Electronics Manufacturing Services (EMS)
  • Almost 50 years of experience
  • Operations in Finland, Estonia, India, Slovakia, the United Kingdom, USA and Hong Kong
  • Headquarters in Helsinki, Finland
  • 2023 revenue EUR 221.6 million
  • Personnel approximately 1,700
  • Listed on Nasdaq Nordic since 1997
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incap annual report

FINANCIAL STATEMENTS RELEASE FOR JANUARY–DECEMBER 2023

Revenue amounted to EUR 221.6 million (1–12/2022: EUR 263.8 million). Year-on-year decrease was 16%. Excluding the impact of the company’s largest customer, revenue grew 35% and excluding also the impact of Pennatronics acquisition, the growth was 17%.

Adjusted operating profit (EBIT) was EUR 30.6 million (EUR 40.0 million) or 13.8% of revenue (15.1%). Year-on-year decrease was 23%.

Financial statements release January-December 2023

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CEO’S MESSAGE JANUARY-DECEMBER 2023

Overall, 2023 was a good year for the electronics contract manufacturing market, although increased inventory levels were a common problem that slowed down market development and maintained price pressure. In early 2023, also Incap’s largest customer announced that their stock level had become too high and that they had to reduce their orders, leading to a decrease in our revenue.

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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 AQUIRED PENNATRONICS INC

Incap Corporation has signed on 1 July 2023 an agreement to acquire 100% ownership of Pennatronics Inc., an experienced and well-performing Electronics Manufacturing Services company with a top-of-the-line factory in Pennsylvania, USA.

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