-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueCounterfeit Concerns
The distribution of counterfeit parts has become much more sophisticated in the past decade, and there's no reason to believe that trend is going to be stopping any time soon. What might crop up in the near future?
Solder Printing
In this issue, we turn a discerning eye to solder paste printing. As apertures shrink, and the requirement for multiple thicknesses of paste on the same board becomes more commonplace, consistently and accurately applying paste becomes ever more challenging.
A Culture of Thriving
One cannot simply command thriving; it must be nurtured, developed, and encouraged. In this issue, we explore strategies to improve your working relationship model—both internally and externally. In this culture of thriving, your business will grow in the process.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Incap Posts Strong Revenue Growth for H1 2018
August 15, 2018 | IncapEstimated reading time: 10 minutes
Key Figures in January-June 2018
- Incap Group's revenue in January-June 2018 increased by 13% on corresponding period last year and amounted to EUR 27.0 million (1-6/2017: EUR 23.8 million).
- The Group's operating profit (EBIT) increased on corresponding period by 37% and amounted to EUR 3.1 million, being 11% out of revenue (EUR 2.3 million or 10% out of revenue).
- Net profit for the report period improved year-on-year and amounted to EUR 2.1 million (EUR 1.6 million).
- The company updates its guidance and estimates that the Group's full-year revenue and operating profit (EBIT) in 2018 are higher than in 2017, provided that there are no major changes in exchange rates or in material availability. In 2017 the full-year revenue was EUR 48.5 million and the operating profit (EBIT) EUR 4.5 million.
Key Figures in April-June 2018
- The revenue of the second quarter amounted to EUR 14.5 million, showing an increase of 13% compared with the corresponding period last year (4-6/2017: EUR 12.8 million) and up 16% compared with the first quarter of the year (1-3/2018: EUR 12.5 million).
- Operating profit (EBIT) for the second quarter was EUR 1.9 million, i.e. approximately 50% higher than in the corresponding period last year (4-6/2017: EUR 1.3 million) and approximately 67% higher than in the first quarter (1-3/2018: EUR 1.1 million).
Incap Group's interim CEO Otto Pukk:
"Our business performance was strong during the first half of the year and especially the second quarter was excellent both as to revenue and operating profit.
The growth of revenue was mainly attributed to the increased demand of our established customers. We also proceeded in the new customer acquisition and expect that the introduction of new products will reflect in the revenue as from the end of the year.
We are especially delighted of the good profitability. Thanks to our streamlined operational model we have succeeded in keeping the overhead costs low. When developing our operations we continue to focus on functions, which bring the highest added value to our customers.
The performance of our Indian factory continued strong. Expansion of the premises is in use and a new SMT assembly line will be in place during the second half of the year, enabling further increase of production volumes in the factory.
The business of the factory in Estonia showed a stable performance and the factory has updated its capability to produce medical devices in accordance with the latest ISO 13485/2016 certificate. The capacity and flexibility of the new production line has been increased by supplementary minor investments.
Current problems in the availability of components in electronics manufacturing services business have escalated during the first half of the year. We have prepared for the shortage of components by increasing our inventory moderately and we work closely with our suppliers in order to secure deliveries to our customers as agreed.
All in all, we are happy with the development during the first half of the year and trust that the positive trend will continue during the rest of the year. General outlook in the electronics contract manufacturing is good and we have a firm belief in our competitive edge in this market also in future, based on our efficient operational model."
Incap Group's Revenue and Earnings in January-June 2018
Revenue for January-June amounted to EUR 27.0 million, showing an increase of 13% year-on-year (1-6/2017: EUR 23.8 million) and being 9% higher than in the latter half of the year 2017 (7-12/2017: EUR 24.8 million). The revenue growth was caused by the increased manufacturing volumes in the Indian factory for long-term established customers.
The operating profit (EBIT) for January-June amounted to EUR 3.1 million, improving by 37% when compared with the corresponding period last year (EUR 2.3 million) and the second half of 2017 (EUR 2.3 million). The operating profit margin for the report period amounted to 11% (10%), which is generally considered to be a good level in the business of electronics manufacturing services.
Weakening of the Indian Rupee in relation to Euro lowered the revenue by approximately EUR 1.5 million and the operating profit by approximately EUR 0.2 million.
Personnel expenses in the report period increased in line with the growing business volumes and amounted to approximately EUR 2.4 million (EUR 2.0 million). The value of inventories increased to EUR 9.2 million based on the growth of business volumes and the preparation for shortage in components (EUR 8.0 million).
Net financial expenses amounted to EUR 0.3 million (EUR 0.3 million) and depreciation to EUR 0.2 million (EUR 0.2 million).
Net profit for the period was EUR 2.1 million (EUR 1.6 million). Earnings per share were EUR 0.48 (EUR 0.36).
Page 1 of 3
Suggested Items
Smiths Detection Awarded Service Subcontract
10/10/2024 | BUSINESS WIRESmiths Detection, a global leader in threat detection and security screening technologies, announces it has been awarded a seven year contract to support TechFlow’s Integrated Logistics Support Contract with the Transportation Security Administration (TSA) to service hold baggage X-ray inspection systems at airports across the United States.
Scanfil Acquires SRX, Expanding its Presence in Asia Pacific
10/07/2024 | ScanfilScanfil has acquired SRXGlobal Pty Ltd. for EUR 23.3 million (USD 25.7 million), marking a key step in its Asia Pacific expansion. This acquisition includes SRX factories in Melbourne, Australia, and Johor Bahru, Malaysia, with 8 automated SMT lines and about 300 employees.
Electronic System Design Industry Posts $4.7 Billion in Revenue in Q2 2024
10/07/2024 | SEMIElectronic System Design (ESD) industry revenue increased 18.2% to $4,685.5 million in the second quarter of 2024 from the $3,962.7 million registered in the second quarter of 2023, the ESD Alliance, a SEMI Technology Community, announced in its latest Electronic Design Market Data (EDMD) report.
Department of Defense Awards $30 Million to Expand Domestic Printed Circuit Board and Substrate Production
10/01/2024 | Department of DefenseThe Department of Defense announced today a $30 million award to TTM Technologies Inc. (TTM) in Santa Ana, California. This award, facilitated through the Defense Production Act Purchases (DPAP) office, will enable TTM to acquire and install advanced manufacturing equipment and develop prototype designs for printed circuit boards. The project will commence at TTM's Centers of Excellence across the United States, ultimately culminating in integration into its new Syracuse, New York facility. This strategic initiative aims to enhance TTM's capabilities and enable the timely delivery of cutting-edge technology to support vital defense programs.
Department of Defense Awards $30 Million to Expand Domestic Printed Circuit Board and Substrate Production
10/01/2024 | U.S. Department of DefenseThe Department of Defense announced today a $30 million award to TTM Technologies Inc. (TTM) in Santa Ana, California. This award, facilitated through the Defense Production Act Purchases (DPAP) office, will enable TTM to acquire and install advanced manufacturing equipment and develop prototype designs for printed circuit boards.