Incap lowers the estimate for full-year 2011 result

Incap Corporation                Stock Exchange Release

 

20 September 2011 at 4.30 p.m.

 

INCAP LOWERS THE ESTIMATE FOR FULL-YEAR RESULT

Incap estimates that its operating result (EBIT) for the year 2011 will be slightly negative due to the exchange rate fluctuations between euro, USD and INR and due to decreased demand of some customers.

According to the company’s estimate the operating result for the latter half of the year is positive, i.e. clearly better than during the first half of the year (Jan-Jun 2011: EUR -1.0 million) and during the corresponding period last year (Jul-Dec 2010: EUR -0.5 million). The Group’s monthly operating result has further been in the black since May and the positive development is estimated to continue during the rest of the year.

Incap keeps its guidance for revenue unchanged and estimates that the revenue for the full year is clearly higher than in 2010 when it was EUR 59.2 million.

In the previous guidance given on 3 August 2011 Incap estimated that the Group’s full-year operating result (EBIT) in 2011 is positive and, consequently, clearly higher than in 2010 (EUR -3.2 million).

 

 

INCAP CORPORATION

 

Sami Mykkänen
President and CEO

 

 

Further information:
Sami Mykkänen, President and CEO, tel. +358 40 559 9047
Kirsti Parvi, CFO, tel. +91 990 204 2813
Hannele Pöllä, Director, Communications and IR, tel. +358 40 504 8296

 

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
www.incap.fi

 

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 and India. The Group’s revenue in 2010 amounted to EUR 59.2 million, and the company currently employs approximately 760 people. Incap’s share is listed on the NASDAQ OMX Helsinki. Additional information: www.incap.fi.