Brief: Incap H2 EBIT Falls To EUR 4.3 Million

Incap Oyj

26/02/2020 06:37

Feb 26 (Reuters) - Incap Oyj  ICP1V.HE :
    * REG-INCAP CORPORATION FINANCIAL STATEMENT RELEASE FOR 2019
(UNAUDITED): STRONG REVENUE GROWTH CONTINUED, SOLID OPERATING
PROFIT
    * BOARD OF DIRECTORS WILL PROPOSE TO ANNUAL GENERAL MEETING
A
DIVIDEND OF EUR 0.35 PER SHARE.
    * INCAP ESTIMATES THAT FOLLOWING ACQUISITION OF AWS
ELECTRONICS
GROUP, INCAP'S REVENUE IN 2020 WILL BE SIGNIFICANTLY HIGHER THAN
IN 2019
    * H2 EBIT EUR 4.3 MILLION VERSUS EUR 5.6 MILLION YEAR AGO
    * SEES 2020 OPERATING PROFIT (EBIT) SLIGHTLY HIGHER THAN IN
2019
AS THERE WILL BE ONE-TIME INTEGRATION AND TRANSACTION COSTS
    * H2 REVENUE EUR 33.8 MILLION VERSUS EUR 32.0 MILLION YEAR
AGO
    * LONG-TERM PROSPECTS FOR ELECTRONIC MANUFACTURING SERVICES
INDUSTRY LOOKS POSITIVE.
    * IN SHORT RUN ELECTRONICS MANUFACTURING SERVICES BUSINESS
MAY
FACE PROBLEMS IN COMPONENT AVAILABILITY DUE TO COMPANIES MOVING
PRODUCTION FROM CHINA TO OTHER ASIAN COUNTRIES AND EUROPE
    * IN LONG RUN, INCAP SEES MARKET DEVELOPMENT POSITIVE
    * GROWING ENVIRONMENTAL TECHNOLOGY SECTOR WILL OFFER MARKET
OPPORTUNITIES

Source text for Eikon:  ID:nGNE13zJmp 
Further company coverage:  ICP1V.HE 

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