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Incap Corporation | Press Release | May 25, 2023 at 10:15:00 EEST
Incap inaugurated the third modern manufacturing facility in its production unit in Tumkur, which serves global customers worldwide.
Quality, reliable delivery and low costs are the main success factors in the competitive EMS sector and, in our view, Incap has them all. Incap also has a clientele portfolio that can offer notable and long-term growth potential.
Incap Corporation | Stock Exchange Release | April 27, 2023 at 16:30:00 EEST
Incap Corporation's Annual General Meeting was held on 27 April 2023 in Helsinki, Finland.
Adoption of the annual accounts and discharge from liability
The Annual General Meeting approved the annual accounts for the financial period 1 January 2022–31 December 2022 and resolved to discharge the members of the Board of Directors and the President and CEO from liability.
Following the company's Q1 report, we made only very minor changes to our near-term earnings estimates. In the short term, there are few positive drivers for the stock, as the inventory adjustment related to the largest customer will push growth and earnings growth into a clear downward spiral, at least for the rest of the year.
Incap Corporation | Stock Exchange Release | April 26, 2023 at 09:00:00 EEST
This release is a summary of Incap’s business review for January–March 2023. The complete report is attached to this release as a pdf file and available on the company’s website at www.incapcorp.com.
January–March 2023 highlights
Yesterday, Incap issued a profit warning for the current year after the company's largest customer decided to lower its inventory levels due to the normalization of the component situation and a slowing growth outlook. In the short term, there are few positive drivers for the stock, but we don’t see the problems associated with the largest client as structural.
Incap Corporation | Press Release | April 19, 2023 at 09:00:00 EEST
Incap Corporation | Inside Information | April 18, 2023 at 10:15:00 EEST
Incap estimates that its revenue and operating profit (EBIT) for 2023 will be lower than in 2022. The decrease in the revenue and operating profit estimate is related to Incap’s largest customer, who has decided to reduce inventory levels and is therefore postponing some orders from 2023 to 2024.
Welcome to follow Incap's Q1'23 info on Wednesday, April 26 at 1:00 pm EEST on inderesTV.
Incap Corporation | Stock Exchange Release | April 04, 2023 at 17:15:00 EEST
Incap’s notice to convene Annual General Meeting
Notice is given to the shareholders of Incap Corporation to the Annual General Meeting to be held on Thursday, 27 April 2023, at 1:30 p.m. EEST at GLO Hotel Art, Lönnrotinkatu 29, 00180 Helsinki, Finland (the Jugend hall on the second floor).
