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Incap: Another blow hurts but won’t knock out

ICP1VResearch09.10.2023 klo 14.35
Inderes
Discuss
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The second profit warning of the year and especially its scale was an ice-cold shower, although the risks were certainly known. We included a much more cautious scenario in our forecasts due to the prolonged inventory problems of the company’s largest customer.

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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.

Read more on company page

Key Estimate Figures08.10.2023

202223e24e
Revenue263.8216.1236.1
growth-%55.4 %-18.1 %9.2 %
EBIT (adj.)40.027.028.8
EBIT-% (adj.)15.2 %12.5 %12.2 %
EPS (adj.)0.980.670.71
Dividend0.000.000.00
Dividend %
P/E (adj.)17.512.611.9
EV/EBITDA12.07.86.3

Forum discussions

Here are Antti’s and Tuukka’s preview comments as Incap reports its Q3 results on Thursday We expect the company’s revenue to have grown strongly...
2 hours ago
by Sijoittaja-alokas
5
I commented on Kitron’s Q3 results in the Scanfil thread. Much of the same applies to Incap as well:
10/22/2026, 6:45 AM
by Tuukka Lundell
19
Incap Group’s business review for January–September 2026 will be published on Thursday, 29 October 2026 at approximately 9:00 a.m. Finnish time...
10/19/2026, 9:35 AM
by Pauliina Tennilä
15
Inderes Incap Romania laajentaa kaapelikokoonpanon kapasiteettiaan sähköbussihanketta... Incap Oyj | Lehdistötiedote | 30.09.2026 klo 10:00:...
9/30/2026, 7:58 AM
by Af Ämbar
24
Antti has written a new company report on Incap In August, Incap launched a share buyback program of a substantial size. From a capital allocation...
9/14/2026, 5:05 AM
by Sijoittaja-alokas
21
While I agree with you when it comes to the website. Seeing the Incap Rocks brand at some conferences, etc with the board members / execs having...
9/1/2026, 9:22 AM
by grandmaster
3
[quote="grandmaster, post:1633, topic:926"]
8/28/2026, 5:35 AM
by Mauri
21