contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    pageUrl
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
  ... on Webcast {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
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        reportingCurrency
      }
      snapshot {
        transaction {
          date
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            nav
            navPerShare
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            quarterlySharePrice
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          estimates {
            year
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            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
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          tradeCurrency
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        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


incap-corporation-managers-transactions-ralf-hasler

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lang

htmlBody

summary

companies

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Incap operates in the industrial sector. The company supplies equipment and services for industrial players, where the range includes PCB assembly, system integration, box building integration, design validation, and inspection methods. The largest operations are found in the Nordic, Baltic and Asian regions. The company was originally established in 1985 and is headquartered in Helsinki.

Ralf Hasler, Director of Germany and Romania operations, has put his money where his mouth is to the tune of nearly 50,000 euros.  Transaction details  (1): Volume: 5000 Unit price: 9.45 EUR                    Inderes              Incap Oyj: Johdon liiketoimet – Ralf Hasler - Inderes    Incap Oyj | Pörssitiedote | 26.05.2026 klo 18:15:00 EESTIncap Oyj - Johdon liiketoimetIlmoitusvelvollinen Nimi: Ralf Hasler Asema: Muu ylin johto Liikkeeseenlaskija: Incap Oyj LEI: 7437004GENTTQHMNQ40...

Inderes              Incap Intia investoi testaukseen ja uuteen SMT-linjaan tuotannon...    Incap Oyj | Lehdistötiedote | 12.05.2026 klo 09:00:00 EESTIncap Intia on ottanut käyttöön uuden flying probe -testausjärjestelmän sekä päivitetyn SMT-tuotantolinjan (Surface-Mount Technology...

No more flame emojis! So much better! Thank you Incap

Hello Everyone here at Incap forum! And thank you for your excellent questions during the Q1 Webcast! Please find below summary of the Q&A: Q: How much of the delayed Q1 revenue will be delivered in Q2, and how confident are you that the component availability is improving? A: We haven’t reported the exact numbers on the revenue side, but what was postponed on Q1, will be delivered during the second quarter.  In general, there is a high demand of certain components in the industry, driven primarily by the development of AI and data centres. They are in priority as they are purchasing in large volumes and the rest of us are left a bit behind. But we don’t think that there is a systematic problem with the components because the component suppliers are working currently with increasing their capacity. This does not seem like a new component crisis, it’s more of a smaller disturbance .   Q: Was the component availability problem in Europe or in India ? A: Availability problem wasn’t in any specific site but in certain types of components and specific product ranges that use similar components, and that affected the business in general.  **Q: Have you seen order cancellations due to weak economic environment or due to any other reasons?**  A: We haven’t seen any order cancellations. Instead, we have a very strong order book, and we have received several orders, for example from the defence sector. The potential growth in that sector was of high interest when we did the Lacon acquisition. We haven’t lost any major customers, so it is more about the normal slowness of the market mainly in January and February, and now it is picking up. Incap is operating widely in different market segments now, and as we disclosed in the Q1 report, the proportion of our largest customer is more manageable nowadays. We used to have dependency on our largest customer but with the Lacon acquisition, Incap is currently a much more balanced company. Our risk profile regarding customer dependency is now significantly lower.  **Q: How much did the order book grow, and what is the size, margin profile, and product mix of the new orders?**  A: We didn’t comment on the order book numbers in the report, but even though we had a slower start for the year, we maintain our guidance and look fairly positively on the year. When it comes to the order book in general, the defence sector is driving the main growth, and other sectors are more stable. Also, when it comes to the AI and data centres, even if the larger operators are taking care of the core and servers, there is plenty of electronics used for instance in cooling and energy backup systems and they provide opportunities for the smaller players like us who are not tier one EMS providers. Currently, that is also driving the growth, together with the defence and security  sector.  Q: Is the inventory increase purely due to Lacon and the delays? A: The majority of the increase is Lacon becoming part of the Group, but we are also driving higher inventory or work-in-progress due to the material availability as we have had delays in orders.  **Q: Is the Lacon integration progressing operationally and commercially well, and what are the biggest risks to achieving the expected benefits in 2026?**  A: The integration is going well both commercially and operationally. Due to our decentralised model, also the new units within Incap have operational freedom. Still, Incap is focusing on getting them into our network where the units cooperate with each other and exchange knowledge. Including Incap Germany and Romania into those streams is  the key thing. We have also seen interesting development with cross-selling opportunities, customer bases, and geographical opportunities that we are exploring. We also see new requests and possibilities from new customers that see us in other light. With every step of getting bigger, Incap gets new interest from potential customers. The effects we will see in a couple of years’ time and we are also working on opportunities for the  near future.  **Q: How has the war in Iran affected Incap and have you noticed customers increasing their inventory levels as a result?**  A: In general, we don’t see yet any larger supply chain disturbances due to the war. In the long run, high oil price will of course affect everybody equally in the industry when it comes to ie. transportation costs, but we haven’t seen yet any major increases. Some of our defence customers and some other sectors have been increasing their inventory levels. A lot of military materials were used during the initial stages of the war, and the stocks need to be replenished. In other customer segments, we haven’t seen any panic buys or hoarding of materials. We haven’t yet fully seen how this impacts transportation and logistics. The costs have increased and that will be reflected in the prices and ultimately will be paid by  the end-customer.  **Q: How is the business in India developing? Are there new accounts there?**  A: We have had a very positive development in India. Our largest customer’s business is stable on their “new normal” level, and we see increase in other customer accounts. We are working there with some really interesting and exciting customers, and the cooperation goes well. Of course, the cycles are long, but we see how our work from developing and prototyping is already moving into normal production, and it will ramp-up over time to larger volumes. Also, now when the new units in Germany and Romania have joined us, there are several opportunities in India as well that we are pursuing with the new acquired customer base.  **Q: Which kind of components or component types have had availability issues?******  A: Foremost the chips and some of the smarter, more expensive and advanced components have had problems. The more basic components are always available. This is also limited to some manufacturers as it depends on the designs of the products and  what they contain.  **Q: If you're now focusing on the integration of Lacon, when can we expect**  **another acquisition?****** A: We have done a major acquisition and currently, our focus is on the integration work. I don’t think this is our last acquisition, and once we feel comfortable that we have taken good care of the money that we have spent, we will, sooner or later, open up that pipeline. However, I won’t give any timeline whether that will be late this year or in the beginning of next year, or even earlier or later. The integration goes very well, so perhaps sooner than later.  **Q: How has the Q2 started, and how would you comment on that? After the little bit soft Q1, what gives you the confidence that you can still achieve the 2026 guidance?** A: The end of Q1 in March was already picking up, and Q2 has continued on the same line, which gives us confidence. The strong order book that we discussed before, backs that up. Generally, we don’t see any other trends that would impact this negatively. Everything is going according to plan and I’m excited about the outlook for the year; it looks stable and good, and with the current information, I believe we  will reach our guidance.

Viljakainen has completed the Incap update following the Q1 results.  Incap’s Q1 was weak in terms of earnings and clearly below expectations, particularly due to revenue falling short. However, the company reiterated its guidance, and comments regarding the development of the order book were even exceptionally positive. Nevertheless, we lowered our short-term volume forecasts and, consequently, our earnings expectations slightly. Reflecting these changes, we adjust our target price for Incap to EUR 12.00 (prev. EUR 13.00) and lower our recommendation to the Accumulate level (prev. Buy). We still expect the company to catch up with earnings growth as early as Q2, which, combined with a reasonable valuation, still forms an attractive expected return on a one-year horizon despite increased short-term risks. Quote from the report: The balance sheet remains strong Incap’s balance sheet structure changed significantly during Q1, as the EUR 50 million (EV excluding contingent consideration) acquisition of Lacon was completed during the review period. However, even after the acquisition, Incap’s balance sheet remains very strong, as the net gearing ratio rose to only 6% due to the acquisition and the tie-up of working capital in Q1 (Q1’25: -23%). Consequently, the company’s financial position remains strong and the balance sheet would also allow for new acquisitions. However, we primarily expect the company to digest and integrate the Lacon acquisition over the coming quarters, unless exceptionally attractive M&A opportunities fall into its lap.                   Inderes              Incap Q1'26: Q1:ltä jäi reippaasti takamatkaa - Inderes    Incapin Q1 oli tuloksellisesti heikko ja selvästi odotuksia huonompi etenkin alhaiseksi jääneen liikevaihdon takia.  Laskimme kuitenkin lähiaikojen volyymiennusteitamme ja sitä kautta tulosodotuksiamme.

Here is Nordea’s analysis of Incap.  Profitability (adj. EBITA margin) was weaker than we expected in Q1. Organic growth was flat in Q1, one reason being component availability problems. But no major problems in logistics or in transportation. Some orders were postponed from Q1 to Q2 but Incap is still confident regarding end demand and order intake. The company has not seen order cancellations but Germany could have remained a challenging market. Full year guidance is repeated but EBITA needs to be EUR 8.8m as average in Q2-Q4 2026 to reach a 20% increase in annual EBITA. January-February were weak but the company has seen an improvement in March-April why its full year guidance still looks realistic.                   Inderes              Incap: A weak start of the year, but full year guidance is unchanged - Nordea...    Profitability (adj. EBITA margin) was weaker than we expected in Q1. Organic growth was flat in Q1, one reason being component availability problems. But no major problems in logistics or in...

Around the 28:30 mark, he summarizes it up here, but also at the halfway point, he goes in depth. Mainly that the shortage is driven by Lacon, but already fixed.

Incap

Incap Corporation | Stock Exchange Release | May 26, 2026 at 18:15:00 EESTIncap Corporation - Managers' TransactionsPerson subject to the notification requirement Name: Ralf Hasler Position:...

<div class="mfn-header mfn-header-finland">Incap Corporation | Stock Exchange Release | May 26, 2026 at 18:15:00 EEST</div><div class="mfn-body">Incap Corporation - Managers' TransactionsPerson subject to the notification requirement Name: Ralf Hasler Position: Other senior manager Issuer: Incap Corporation LEI: 7437004GENTTQHMNQ407 Notification type: INITIAL NOTIFICATION Reference number: 53368/13/4Transaction date: 2026-05-25 Venue: NASDAQ HELSINKI LTD (XHEL) Instrument type: SHARE ISIN: FI0009006407 Nature of transaction: ACQUISITION Executed under portfolio or asset managementTransaction details (1): Volume: 5000 Unit price: 9.45 EURAggregated transactions (1): Volume: 5000 Volume weighted average price: 9.45 EURINCAP CORPORATIONAdditional information: Otto Pukk, President and CEO, tel. +372 508 0798 Antti Pynnönen, CFO, tel. +358 40 187 3494Distribution:&nbsp; Nasdaq Helsinki Ltd.&nbsp; Principal media <a href="http://www.incapcorp.com/" rel="noopener">www.incapcorp.com</a>Incap in brief Incap Corporation is a trusted partner and global full-service provider in Electronics Manufacturing Services (EMS). Incap supports customers from large multinationals and mid-sized companies to small start-ups across their entire value chain, from design and engineering to manufacturing. Incap offers state-of-the-art technology supported by an entrepreneurial culture and highly skilled personnel. The company has operations in Finland, Estonia, India, Slovakia, the UK, USA, Germany, Romania and Hong Kong and employs over 3,000 people. Incap’s share has been listed on Nasdaq Helsinki since 1997.</div>