Finland's Incap Q1 revenue rises 7.3% on Lacon deal

Incap Oyj

30/04/2026 07:23

Overview

Finland electronics manufacturer reported Q1 revenue up 7.3% yr/yr, aided by Lacon acquisition

Comparable EBITA fell 14.2% yr/yr, impacted by lower volumes and FX headwinds

Company expects 2026 revenue and comparable EBITA to be clearly higher than 2025

Outlook

Incap expects 2026 revenue and comparable EBITA to be higher than in 2025

Company expects component availability to improve as manufacturers increase capacity

Company says order intake was particularly strong in the defence segment in Q1

Result Drivers

LACON ACQUISITION - Revenue growth was mainly supported by the consolidation of Lacon Group from 20 February 2026

COMPONENT SHORTAGES - Delayed component deliveries shifted some orders into Q2, impacting Q1 revenue and profitability, per CEO Otto Pukk

FX HEADWINDS - Foreign exchange rate movements negatively impacted results

Company press release: ID:nMFNc5bwsy

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 56 mln
Q1 Net Income
EUR 3.90 mln
Q1 EBIT
EUR 4.80 mln


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

The average consensus recommendation for the electrical components & equipment peer group is "buy."

Wall Street's median 12-month price target for Incap Oyj is €13.00, about 25.7% above its April 29 closing price of €10.34

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 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.)