Stock exchange release 18 December 2012 at 3.15 p.m.
INCAP LOWERS ITS PROFIT GUIDANCE FOR LATTER HALF OF 2012
Incap lowers its previous profit guidance for the latter half of 2012 and estimates that the Group's operating result (EBIT) for the latter part of the year 2012 is negative. The profit development of the last quarter of the year has not met with expectations, because the Group's revenue for October – November was lower than estimated while at the same time certain costs during the last months of the year exceeded forecast. In particular, the costs for personnel and the expenses for service and maintenance of production machinery increased.
Incap repeats its previous estimate for the full-year revenue and result in 2012 and expects that the full-year revenue is lower than in 2011, when it was EUR 68.9 million. The company further estimates that the full-year operating result (EBIT) is clearly better than in 2011 when it was EUR -1.6 million.
In its previous guidance given on 31 October 2012 Incap estimated that the Group's operating result (EBIT) for the latter half of the year is positive and that the full-year operating result is clearly better than in 2011. The company estimated the full-year revenue in 2012 to be lower than in 2011.
Incap will publish its financial statements for 2012 on 26 February 2013.
President and CEO
Sami Mykkänen, President and CEO, tel. +358 40 559 9047 or +372 5553 7905
Kirsti Parvi, CFO, tel. +358 50 517 4569
Hannele Pöllä, Director, Communications and IR, tel. +358 40 504 8296
NASDAQ OMX Helsinki Ltd
INCAP IN BRIEF
Incap Corporation is an internationally operating contract manufacturer whose comprehensive services cover the entire life-cycle of electromechanical products from design and manufacture to maintenance services. Incap's customers include leading equipment suppliers in energy-efficiency and well-being technologies, for which the company produces competitiveness as a strategic partner. Incap has operations in Finland, Estonia, India and China. The Group's revenue in 2011 amounted to EUR 68.9 million, and the company currently employs approximately 670 people. Incap's share is listed on the NASDAQ OMX Helsinki. Additional information: www.incap.fi.
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Incap Oyj via Thomson Reuters ONE