-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Incap Increases its Operating Profit Estimate for 2020
November 11, 2020 | Globe NewswireEstimated reading time: 1 minute
Due to better visibility for the full-year performance, Incap revises its outlook for 2020. Incap estimates that the revenue for 2020 will be significantly higher than in 2019 and the operating profit (EBIT) in 2020 will be higher than in 2019. The previous outlook published in the half-year financial report estimated that the revenue for 2020 will be significantly higher than in 2019 and operating profit (EBIT) in 2020 will be approximately on the same level as in 2019.
The increase in the estimated operating profit (EBIT) is based on good development primarily at the Indian factory. After the COVID-19 pandemic related closure of the Indian factory, the backlog has been cleared and the demand from some existing customers has increased more than previously estimated. The estimated revenue growth is mainly driven by the AWS Electronics Group acquisition finalized in January 2020.
In 2019, Incap’s revenue amounted to EUR 71.0 million and the operating profit (EBIT) was EUR 10.1 million. In January-June 2020, the company’s revenue amounted to EUR 46.9 million and the operating profit (EBIT) was EUR 4.3 million.
The estimates are given provided that there are no major negative changes in the COVID-19 pandemic situation, currency exchange rates or in component availability and they are based both on Incap’s customers' forecasts and the company's own assessments of the business development.
Incap’s outlook for 2020 as published on 26 August 2020:
“Following the acquisition of AWS Electronics Group in January 2020, Incap estimates the revenue for 2020 to be significantly higher than in 2019. Considering the impact from the acquisition of AWS Electronics Group, the one-time integration and transaction costs, the PPA amortization, as well as the pandemic related factory closure, the operating profit (EBIT) is estimated to be approximately on the same level as in 2019.
The estimates and forecasts contain significant uncertainty related to the COVID-19 pandemic. The estimates are given provided that there are no major changes in currency exchange rates or in component availability and they are based both on Incap’s customers' forecasts and the company's own assessments of the business development.”
Incap’s Business Review for January–September 2020 will be published on 25 November 2020.
Suggested Items
Cadence Reports First Quarter 2024 Financial Results
04/23/2024 | Cadence Design Systems, Inc.Quarter-end backlog was $6.0 billion and current remaining performance obligations ("cRPO"), contract revenue expected to be recognized as revenue in the next 12 months, was $3.1 billion.
NOTE Releases Interim Report for January-March 2024.
04/23/2024 | NOTENOTE has announced its interim report for January-March 2024.
Aspocomp’s Q1 Net Sales and Operating Result Decreased YoY
04/18/2024 | AspocompInflation and interest rates, weak economic development, the uncertainties posed by Russia’s war of aggression and the situation in the Middle East, and global trade policy tensions will affect the operating environment of Aspocomp and its customers in the 2024 fiscal year.
IMI Core Business Sustains Path to Recovery with $13 Million of Net Income for the Year
04/05/2024 | IMIIntegrated Micro-Electronics, Inc. (IMI) reports total group revenues of US$1.3 billion, 6% lower than the previous year, driven by factors attributable to its non-wholly owned subsidiary group including the shorter fiscal year of STI Enterprises Limited which was divested on October 31, 2023.
Intel Outlines Financial Framework for Foundry Business, Sets Path to Margin Expansion
04/03/2024 | BUSINESS WIREIntel Corporation outlined a new financial reporting structure that is aligned with the company’s previously announced foundry operating model for 2024 and beyond.