Powering the Future: Why Thermal Management Defines the Future of Electronics
Standard of Excellence: Engineering Is the New Sales—How Technical Collaboration Wins Business
SMT Perspectives & Prospects: Artificial Intelligence, Part 7—Data Module 2
Incap Posts 26% Revenue Growth in January-March 2017
May 16, 2017 | IncapEstimated reading time: 2 minutes
Key figures in January-March 2017
- The Group's revenue amounted to EUR 11.0 million, up 26% on the corresponding period of previous year (Jan-Mar 2016: EUR 8.7 million).
- The Group's operating profit (EBIT) amounted to EUR 1.0 million, down 17% on the corresponding period (EUR 1.2 million).
- Net profit for the period amounted to EUR 0.66 million, up 2% on the corresponding period (EUR 0.65 million).
- The company repeats its previous outlook for full year 2017.
Key events of the period
Incap Group's revenue for January-March 2017 developed favourably both in India and in Estonia, growing by 26% on the comparison period. The growth was mainly based on increased demand of long-term customers.
The operating profit (EBIT) amounted to EUR 1.0 million, showing a decrease of 17% on the comparison period last year. Major reason for the decrease was the higher material costs. Due to the current growth of global electronics market the prices of main commodity raw materials such as copper, led and tin are increasing, resulting in higher component prices.
The Group's operating profit margin amounted to 8.8%, being in the upper end of the common levels in the electronics manufacturing services business. During the preceding quarter October-December 2016 the operating profit amounted to 10.5% and in the corresponding period January-March 2016 to 13.4%.
The extension of the export production facilities in India was inaugurated during the review period. Also in the factory in Estonia the manufacturing capacity was increased by a new SMT line.
Outlook for 2017
Incap repeats its previous guidance and outlook for the year 2017. The Group's revenue in 2017 is estimated to be higher than in 2016 when it was EUR 38.6 million. The operating profit (EBIT) is estimated to be somewhat higher than in 2016 when it was EUR 4.4 million. The figures have been estimated based on the assumption that there are no major changes in exchange rates.
Incap will publish its half-year report for January-June 2017 in accordance with IAS 34 on Wednesday, 23 August 2017.
Ville Vuori, President and CEO of Incap Group:
"The first quarter of 2017 met with our expectations. The production portfolio was as forecasted a bit unfavorable with respect to profitability due to high material shares and increasing raw material prices, which will take some time to mitigate. The increase in volumes is positive and improves our position in many ways.
Overall, our outlook remains positive. We are expecting organic growth to continue and even though the relative profitability is approaching the market standards levels, we trust in our business model and aim to be among the best in the peer group also in future especially in terms of profitability."
About Incap Corporation
Incap Corporation is an international electronics contract manufacturer. Incap's customers are leading suppliers of high-technology equipment in their own business segments, and Incap increases their competitiveness as a strategic partner. Incap has operations in Finland, Estonia, India and Hong Kong, and the company currently employs approximately 520 people. Incap's share is listed on the Nasdaq Helsinki Ltd. as from 1997. Additional information: www.incapcorp.com.
Share on:
Testimonial
"Advertising in PCB007 Magazine has been a great way to showcase our bare board testers to the right audience. The I-Connect007 team makes the process smooth and professional. We’re proud to be featured in such a trusted publication."
Klaus Koziol - atgSuggested Items
Nortech Systems Launches Power over Fiber Technology Platform for EMI-Sensitive Applications
04/08/2026 | Globe NewswireNortech Systems Incorporated, a leading provider of design and manufacturing solutions for complex electromedical devices and electromechanical systems, has announced the launch of its Power over Fiber technology platform.
Flexible Thinking: Designing Flex Circuits for Dynamic Reliability
04/09/2026 | Joe Fjelstad -- Column: Flexible ThinkingFlex circuits flex. No surprises there. However, they are also very commonly designed into products because they are thin and offer consistent thickness and dielectric properties, attributes highly prized by present-day product designers of personal electronics. This would include smartphones and, increasingly, wearable electronics for medical monitoring and even fashion.
Understanding Tolerances in Flexible Circuit Design
04/01/2026 | Chris Clark, Flexible Circuit TechnologiesThe challenge with cumulative tolerances is meeting the dimensional requirements for items dimensioned on a drawing or specification for a flexible or rigid-flex circuit. It is critical to understand the fabrication processes and how features are defined when creating your tolerance requirements.
Target Condition: An Exploration of Flooding PCB Layers
04/02/2026 | Kelly Dack -- Column: Target ConditionThe concept of flooding PCB layers with copper has been around for so long, you’d think we’d have it mastered. We haven’t. (Oh, and by “we,” I mean design engineers and the software tools we depend on.) Years ago, PCB artwork was created by hand using light tables, with tape applied to Mylar. Signals were slow, traces were relatively wide, and high-current paths were simply “beefed up” with wider copper. Signal integrity wasn’t yet a driving concern. Today, solid return paths are fundamental to robust design. We understand the importance of continuous reference planes for signal integrity and EMI control.
New, Greener Solutions for Etch: Novel Copper Extraction
03/30/2026 | Richard Nichols, GreenSource Engineering“Novel” is a typical marketing phrase that implies new and unique, but often “novel” actually means an established technology being applied to a new field or application. This, in turn, is often driven by newly relevant external motivation. GreenSource has been working on just such a solution: novel copper extraction, offering a better and greener alternative to traditional LLE control systems for cupric chloride etch.