Incap Corporation | Inside Information | October 05, 2023 at 19:25:00 EEST
Incap estimates that its revenue for 2023 will be EUR 210–220 million and EBIT EUR 24–28 million. The outlook includes the newly acquired Incap US (Pennatronics Inc.) business.
The lower operating profit estimate is due to Incap’s largest customer’s updated sales forecast. The customer’s destocking will take longer than expected.
The estimates are given provided that unexpected events impacting Incap’s business environment do not occur, for example, in the availability of components.
Previously Incap estimated that its revenue and operating profit (EBIT) for 2023 would be lower than in 2022.
Otto Pukk, President and CEO, tel. +372 508 0798
Nasdaq Helsinki Ltd.
Incap in brief
Incap Corporation is a trusted partner and full service provider in Electronics Manufacturing Services. As a global EMS company Incap supports customers ranging from large multinationals and mid-sized companies to small start-ups in their complete manufacturing value chain. Incap offers state-of-the-art technology backed up by an entrepreneurial culture and highly qualified personnel. The company has operations in Finland, Estonia, India, Slovakia, the UK, USA, and Hong Kong and employs approximately 2,330 people. Incap’s share has been listed on Nasdaq Helsinki Ltd stock exchange since 1997.