Incap specifies its outlook for 2023, operating profit estimated to be EUR 24–28 million
Incap estimates that its revenue for 2023 will be EUR 210–220 million and EBIT EUR 24–28 million. The outlook includes the newly acquired Incap US (Pennatronics Inc.) business.
The lower operating profit estimate is due to Incap’s largest customer’s updated sales forecast. The customer’s destocking will take longer than expected. The estimates are given provided that unexpected events impacting Incap’s business environment do not occur, for example, in the availability of components. Previously Incap estimated that its revenue and operating profit (EBIT) for 2023 would be lower than in 2022.