Outlook for 2020
As a result of uncertainty relating to the COVID-19 pandemic, Incap announced on 24 March 2020 the withdrawal of its current guidance for 2020.
Incap’s outlook, issued in the Financial Statement Release on 26 February 2020 and withdrawn on 24 March 2020, was:
“Incap estimates that following the acquisition of AWS Electronics Group Incap’s revenue will be significantly higher than in 2019 and operating profit (EBIT) slightly higher than in 2019 as there will be one-time integration and transaction costs (for example purchase price allocation amortization). The estimates are given provided that there are no major changes in currency exchange rates or in component availability. Incap’s estimates for future business development are based both on its customers’ forecasts and on the company’s own assessments.”