Brief: Incap Q1 Net Profit Falls To EUR 1.6 Million

Incap Oyj

12/05/2020 06:38

May 12 (Reuters) - Incap Oyj  ICP1V.HE :
    * REG-INCAP GROUP’S BUSINESS REVIEW FOR JANUARY–MARCH 2020:
PROFITABILITY ON A GOOD LEVEL DESPITE THE NEGATIVE IMPACT OF THE
PANDEMIC
    * JAN-MARCH REVENUE AMOUNTED TO EUR 24.3 MILLION, UP 31.3%
ON
CORRESPONDING PERIOD OF PREVIOUS YEAR (JANUARY-MARCH 2019: EUR
18.5 MILLION)
    * Q1 NET PROFIT EUR 1.6 MILLION VERSUS EUR 2.2 MILLION YEAR
AGO
    * Q1 EBIT EUR 2.2 MILLION VERSUS EUR 2.8 MILLION YEAR AGO
    * COVID-19 PANDEMIC HAD NEGATIVE IMPACT ON CO'S PERFORMANCE
IN Q1
OF 2020 WHILE AWS ELECTRONICS ACQUISITION FINALIZED IN JANUARY
2020 SUPPORTED REVENUE GROWT
    * ON CORONAVIRUS: AFTER GOOD BEGINNING FOR YEAR, COVID-19
OUTBREAK
AND RESULTING PANDEMIC STARTED TO HAVE AN IMPACT ON OUR
OPERATING ENVIRONMENT
    * ON CORONAVIRUS: WE EXPECT THAT IMPACT OF PANDEMIC ON OUR
PERFORMANCE WILL BE STRONGER IN Q2
    * REDUCED OPERATIONS AT OUR FACTORIES RESULTING FROM
COVID-19
PANDEMIC HAD A NEGATIVE IMPACT ON BOTH ORGANIC GROWTH AND
PROFITABILITY

Source text for Eikon:  ID:nGNE2qYFnk 
Further company coverage:  ICP1V.HE 

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