Incap's new rental contract in Kuressaare improves result for 2014 and lowers costs in long term
(Thomson Reuters ONE) -
Incap Corporation
Stock Exchange Release 28 November 2014 at 12.30 pm (EET)
INCAP'S NEW RENTAL CONTRACT IN KURESSAARE IMPROVES RESULT FOR 2014 AND LOWERS
COSTS IN LONG TERM
Incap has renegotiated the rental contract for the factory premises in
Kuressaare. The new contract is having a positive impact on the result of Incap
Group for the year 2014, because the remaining provision for the rents in
Kuressaare, amounting to approximately EUR 0.5 million, can be released in the
result for the last quarter of 2014. The rental contract also lowers the
company's cost levels and improves thereby the profitability in long term.
The present rental contract was due to expire in March 2015. The new contract is
valid as from December 2014 and extends to October 2019. The continuation of the
rental contract was supported by the positive outlook and increasing
manufacturing volumes in the Kuressaare factory. The present customers are
indicating growing demand and the company has also been able to acquire new
customers to be served in Kuressaare.
Even though the new rental contract does have an impact on the result for 2014,
Incap keeps its financial guidance unchanged. In the Interim Management
Statement on 13 November 2014 the company estimated that the Group's revenue in
2014 will be significantly smaller than in 2013 when it was EUR 36.8 million and
that the full-year operating result (EBIT) is positive (2013: EUR -5.9 million).
INCAP CORPORATION
Ville Vuori
President and CEO
Further information:
Ville Vuori, President and CEO, tel. +358 400 369 438
Kirsti Parvi, CFO, tel. +358 50 517 4569
DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Principal media
www.incap.fi
INCAP IN BRIEF
Incap Corporation is an international contract manufacturer whose comprehensive
services cover the entire life-cycle of electromechanical products from design
and sourcing to actual manufacture and further to maintenance services. Incap's
customers are leading suppliers of high-technology equipment in their own
business segments, and Incap increases their competitiveness as a strategic
partner. Incap has operations in Finland, Estonia, India and China. The Group's
revenue in 2013 amounted to approximately EUR 36.8 million, and the company
currently employs approximately 500 people. Incap's share has been listed on the
NASDAQ OMX Helsinki Ltd since 1997. Additional information: www.incap.fi.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Incap Oyj via GlobeNewswire
[HUG#1875140]
Unternehmensinformation / Kurzprofil:
Datum: 28.11.2014 - 11:30 Uhr
Sprache: Deutsch
News-ID 355891
Anzahl Zeichen: 3241
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Incap's new rental contract in Kuressaare improves result for 2014 and lowers costs in long term"
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