France's ICAPE Group 2025 revenue rises, posts net loss
26/03/2026 06:58
Overview France PCB distributor's fiscal 2025 revenue rose, driven by Asia and Southern Europe Net income group share was a loss, impacted by asset review and restructuring costs Company to discontinue IHM and TRAX sites to rationalize production and cut losses Outlook ICAPE targets 2026 organic revenue growth of 6%-8%, excluding further currency depreciation Company expects 2026 consolidated revenue growth at least matching 2025's 11.5% increase ICAPE aims for 2026 EBIT margin of around 6% Result Drivers ASSET REVIEW AND RESTRUCTURING - Net income group share was impacted by asset reviews and restructuring costs, including discontinuation of IHM and TRAX sites RAW MATERIAL PRICE INCREASES - Gross margin rate was impacted by higher raw material prices starting at the end of the year CURRENCY DEPRECIATION - Organic growth was limited by continued depreciation of the dollar against the euro Company press release: ID:nBwb46ZG8a Analyst Coverage The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell" The average consensus recommendation for the semiconductors peer group is "buy." Wall Street's median 12-month price target for Icape Holding SA is €5.90, about 49.4% above its March 25 closing price of €3.95 The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)