Incap amends its estimate: moderate decrese in revenue, operating result still positive
Stock Exchange Release 19 June 2012 at 5:10 p.m.
INCAP AMENDS ITS ESTIMATE: MODERATE DECREASE IN REVENUE, OPERATING RESULT STILL POSITIVE
Incap amends its previous revenue estimate and expects the Group's full-year revenue for 2012 to be lower than in 2011, when it amounted to EUR 68.9 million. The decrease of revenue is mainly caused by the fact that certain equipment for Raha-automaattiyhdistys (Finland's Slot Machine Association) will due to a tendering no longer be included in the production program of Incap. Furthermore, a part of the customers' products manufactured at the Helsinki factory will not be transferred to the company's other factories in the anticipated extent. The demand for equipment related to energy efficiency is estimated to continue at a good level.
Incap reiterates its guidance for the full-year result and estimates that the operating result (EBIT) is positive and, thus, clearly higher than in 2011 when it was EUR -1.6 million. Compared with the previous guidance, the relative profitability of the Group is improving.
In its previous guidance given on 3 May 2012 Incap estimated that its revenue in 2012 will increase from the EUR 68.9 million achieved in 2011. The Group's full-year operating result (EBIT) in 2012 was expected to be positive and, thus, clearly higher than in 2011 (EUR -1.6 million).
President and CEO
Sami Mykkänen, President and CEO, tel. +358 40 559 9047
Kirsti Parvi, CFO, tel. 050 517 4569
Hannele Pöllä, Director, Communications and Investor Relations, tel. +358 40 504 8296
NASDAQ OMX Helsinki Ltd
INCAP IN BRIEF
Incap Corporation is an internationally operating contract manufacturer whose comprehensive services cover the entire life-cycle of electromechanical products from design and manufacture to maintenance services. Incap's customers include leading equipment suppliers in energy-efficiency and well-being technologies, for which the company produces competitiveness as a strategic partner. Incap has operations in Finland, Estonia, India and China. The Group's revenue in 2011 amounted to EUR 68.9 million, and the company currently employs approximately 730 people. Incap's share is listed on the NASDAQ OMX Helsinki. Additional information: www.incap.fi.
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Source: Incap Oyj via Thomson Reuters ONE