Standard of Excellence: Delivering Excellence—A Daily Goal
Knocking Down the Bone Pile: Tin Whisker Mitigation in Aerospace Applications, Part 3
The Knowledge Base: Building the Workforce of Tomorrow With EMAC
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:
Suggested Items
The Evolution of Picosecond Laser Drilling
06/19/2025 | Marcy LaRont, PCB007 MagazineIs it hard to imagine a single laser pulse reduced not only from nanoseconds to picoseconds in its pulse duration, but even to femtoseconds? Well, buckle up because it seems we are there. In this interview, Dr. Stefan Rung, technical director of laser machines at Schmoll Maschinen GmbH, traces the technology trajectory of the laser drill from the CO2 laser to cutting-edge picosecond and hybrid laser drilling systems, highlighting the benefits and limitations of each method, and demonstrating how laser innovations are shaping the future of PCB fabrication.
Day 2: More Cutting-edge Insights at the EIPC Summer Conference
06/18/2025 | Pete Starkey, I-Connect007The European Institute for the PCB Community (EIPC) summer conference took place this year in Edinburgh, Scotland, June 3-4. This is the third of three articles on the conference. The other two cover Day 1’s sessions and the opening keynote speech. Below is a recap of the second day’s sessions.
Day 1: Cutting Edge Insights at the EIPC Summer Conference
06/17/2025 | Pete Starkey, I-Connect007The European Institute for the PCB Community (EIPC) Summer Conference took place this year in Edinburgh, Scotland, June 3-4. This is the second of three articles on the conference. The other two cover the keynote speeches and Day 2 of the technical conference. Below is a recap of the first day’s sessions.
Preventing Surface Prep Defects and Ensuring Reliability
06/10/2025 | Marcy LaRont, PCB007 MagazineIn printed circuit board (PCB) fabrication, surface preparation is a critical process that ensures strong adhesion, reliable plating, and long-term product performance. Without proper surface treatment, manufacturers may encounter defects such as delamination, poor solder mask adhesion, and plating failures. This article examines key surface preparation techniques, common defects resulting from improper processes, and real-world case studies that illustrate best practices.
RF PCB Design Tips and Tricks
05/08/2025 | Cherie Litson, EPTAC MIT CID/CID+There are many great books, videos, and information online about designing PCBs for RF circuits. A few of my favorite RF sources are Hans Rosenberg, Stephen Chavez, and Rick Hartley, but there are many more. These PCB design engineers have a very good perspective on what it takes to take an RF design from schematic concept to PCB layout.