Incap lowers the estimate for full-year 2011 result
(Thomson Reuters ONE) -
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.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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 Thomson Reuters ONE
[HUG#1548275]
Unternehmensinformation / Kurzprofil:
Datum: 20.09.2011 - 15:30 Uhr
Sprache: Deutsch
News-ID 67736
Anzahl Zeichen: 2993
contact information:
Town:
Helsinki
Kategorie:
Business News
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