France's ICAPE Group Q2 revenue rises on volume, price gains
France's ICAPE Group Q2 revenue rises on volume, price gains
Overview
France PCB distributor's Q2 revenue rose 22.9% yr/yr to €61.8 mln, driven by volumes and prices
Order backlog at end-June hit record €82.1 mln, up 74.1% yr/yr amid supply chain tensions
Company confirmed 2026 targets, citing sector growth and recent acquisitions
Outlook
ICAPE confirms 2026 annual targets, including organic revenue growth of 6% to 8%
Company aims to generate €120 mln in additional revenue through acquisitions by end-2026
ICAPE expects 2026 EBIT margin of around 6%, including cost-reduction and acquisition synergies
Result Drivers
VOLUME AND PRICE INCREASES - Co said Q2 revenue growth was driven by higher sales volumes and accelerating prices amid sector-wide supply chain and raw material cost tensions
SUPPLY CHAIN STRATEGY - Co said its focus on solutions to offset raw material inflation and guarantee delivery helped avoid supply disruptions and supported order backlog growth
SEGMENT PERFORMANCE - PCB in Southern Europe, Asia, and CIPEM contributed most to revenue, with strongest growth in CIPEM and PCB in Asia
Company press release: ID:nBw6jQ2p7a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| EUR 113.30 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", no "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 25.3% below its July 28 closing price of €7.90
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 5 three months ago
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(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.)