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Incap Optimistic about 2019 Results; Increases Estimate
September 13, 2019 | IncapEstimated reading time: Less than a minute
Incap Corporation estimates that the Group’s full-year revenue and operating profit (EBIT) in 2019 will be clearly higher than in 2018. The previous guidance in the half-year financial report was that the revenue and operating profit (EBIT) in 2019 will be higher than in 2018. Both estimations assume that there are no major changes in currency exchange rates or component availability.
In 2018, the Group's revenue amounted to EUR 59.0 million and the operating profit (EBIT) was EUR 8.6 million. In January-June 2019, the Group's revenue amounted to EUR 37.2 million and the operating profit (EBIT) was EUR 5.7 million.
The guidance was revised due to the increased demand especially from existing customers. In addition Incap has managed to broaden its customer base.
Incap Group’s Business Review for January-September 2019 will be published on 6 November 2019.
About Incap Corporation
Incap Corporation is an international 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 China, and the company currently employs approximately 830 people. Incap's share is listed on the Nasdaq Helsinki Ltd. as from 1997. Additional information: www.incapcorp.com.
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