Incap Oyj · OMXHEX:ICP1V
Incap Oyj — Shareholder Meeting (May 2025)
24 slides from Incap Oyj's shareholder meeting presentation, May 8, 2025
Slide 1: Annual General Meeting 2025
Varsinainen yhtiökokous 2025. Annual General Meeting 2025. 8.5.2025 incapcorp.com
Slide 2: CEO's review
CEO’s review incapcorp.com Confident in our ability to continue delivering strong results. Otto Richard Pukk President and CEO
Slide 3: Incap - A trusted partner in EMS
Incap - incapcorp.com A trusted partner in EMS. ● Incap supports customers ranging from large multinationals and mid-sized companies to small start-ups in their complete manufacturing value chain. ● Incap offers state-of-the-art technology backed up by a strong entrepreneurial culture and highly qua
Slide 4: Global operations – factories
Global operations – 7 factories. incapcorp.com Helsinki, Finland HQ Kuressaare, Estonia Pittsburgh, PA, USA Namestóvo, SOUR- Hong Kong, CING Slovakia China Newcastle- under-Lyme, United Kingdom 3 factories, Tumkur, India
Slide 5: 2024 highlights
incapcorp.com 2024 highlights. ● 2024 was a successful year for Incap, with our performance aligning well with our plans. ● We have now reached a new normal with our largest customer's destocking exercise finalized. ● Our results were driven by new customer acquisitions, increased sales to exist
Slide 6: 2024: Performance aligning well with our plans
2024: Performance aligning well incapcorp.com with our plans ● Revenue EUR 230.1 million (221.6), +3.8% year on year 230.1 MEUR REVENUE ● Excluding sales to largest customer, revenue +15.2% year on year ● Operating profit (EBIT) EUR 29.2 million (28.2) ○ 12.7% of revenue (12.7%) 12.7% EBIT
Slide 7: Revenue returned to growth, profitability on good level
incapcorp.com Revenue returned to growth, profitability on good level. Revenue, EUR million Operating profit (EBIT), EUR million 263.8 +55.3% 230.1 38.9 221.6 +3.8% +49.9% -16.0% 169.8 28.2 29.2 26.0 +59% -27.5% +3.4% +106% 106.5 71.0 +50% 12.6 10.1 +20.5% +25% +16.8% 2019 2020 2021 2022 2023 2024 2
Slide 8: Strong balance sheet and modern machinery
incapcorp.com Strong balance sheet and modern machinery. Equity ratio, % Investments, EUR million 63.8 60.0 60.6 53.6 19.4 50.5 51.9 9.5 6.7 5.2 5.5 1.1 2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
Slide 9: Personnel in numbers and by location
incapcorp.com Personnel in numbers and by location. USA Estonia 5.2 % Finland Number of personnel at year-end 5.0 % 0.1 % including contract workers UK 2817 6.7 % 2523 2554 1902 India 1733 Slovakia 69.7 % 13.3 % 834 2019 2020 2021 2022 2023 2024
Slide 10: Quality & efficiency based on teamwork
Quality & efficiency incapcorp.com based on teamwork. ● Our 2024 results achieved with a highly professional and entrepreneurial team. ● Top quality and efficiency based on seamless teamwork throughout the whole production and delivery chain. ● We invest in skills development, cooperation and well-b
Slide 11: Sustainability at Incap
Sustainability incapcorp.com at Incap. ● We see standardised sustainability reporting requirements as positive development. ● We are committed to continue developing our own operations in a sustainable way. ● In 2024, we developed our sustainability work and programme further and set targets to moni
Slide 12: Thank you!
incapcorp.com Thank you! Otto Richard Pukk President and CEO at Incap Corporation otto.pukk@incapcorp.com
Slide 13: Financial statements 2024
incapcorp.com Financial statements 2024. Antti Pynnönen CFO
Slide 14: Revenue, operating profit and earnings increased
incapcorp.com Revenue, operating profit and earnings increased. Revenue, EUR million Operating profit (EBIT), Earnings per share EUR million (EPS), EUR 263.8 0.94 +55.3% 230.1 38.9 221.6 +3.8% +49.9% 0.77 -16.0% 0.72 0.68 169.8 28.2 29.2 26.0 +3.4% +59% -27.5% +106% 106.5 0.40 71.0 +50% 12.6 0.29 10
Slide 15: Consolidated statement of comprehensive income
Consolidated statement of comprehensive income. incapcorp.com EUR 1,000 Note 1 Jan-31 Dec 2024 1 Jan-31 Dec 2023 Revenue 3 230,056 221,591 Other operating income 4 1,631 423 Changes in inventories of finished goods and work in progress -4,616 -5,148 Raw materials and consumables used 5 148,046 148,0
Slide 16: Consolidated balance sheet (assets)
Consolidated balance sheet. incapcorp.com EUR 1,000 Note 31 Dec 2024 31 Dec 2023 ASSETS Non-current assets Property, plant and equipment 12 24,313 21,625 Right-of-use assets 12 6,626 8,089 Goodwill 13 8,621 8,237 Other intangible assets 13 5,518 5,503 Other financial assets 14 4 4 Deferred tax asset
Slide 17: Consolidated balance sheet (equity and liabilities)
Consolidated balance sheet. incapcorp.com 1,000 euros Note 31 Dec 2024 31 Dec 2023 EQUITY AND LIABILITIES Equity attributable to equity holders of the parent 19 Share capital 1,000 1,000 Exchange differences -5,027 -7,831 Unrestricted equity reserve 23,844 23,745 Retained earnings 113,152 89,846 Tot
Slide 18: Consolidated cash flow statement
Consolidated cash flow statement. incapcorp.com EUR 1,000 Note 1 Jan-31 Dec 2024 1 Jan-31 Dec 2023 Cash flow from operations Operating profit, in total 29,186 28,216 Adjustments to operating profit 26 5,681 5,107 Change in working capital Change in current receivables -8,896 17,928 Change in invento
Slide 19: Five-year key figures
Five-year key figures. incapcorp.com IFRS 2024 2023 2022 2021 2020 Revenue EUR million 230.1 221.6 263.8 169.8 106.5 Growth/change % 3.8 -16 55 59 50 Operating profit/loss EUR million 29.2 28.2 38.9 26.0 12.6 Share of revenue % 12.7 12.7 14.8 15.3 11.8 Profit/loss before tax EUR million 30.1 26.4 36
Slide 20: Thank you!
incapcorp.com Thank you! Antti Pynnönen CFO at Incap Corporation antti.pynnonen@incapcorp.com
Slide 21: Q1 2025 Results
incapcorp.com Q1 2025: 5.7 Results. MEUR EBIT ● Our revenue increased, as expected, 52.2 MEUR REVENUE and amounted to EUR 52.2 million. ● Operating profit (EBIT) amounted to EUR 5.7 million or 11 % of revenue. 11.0% EBIT
Slide 22: Outlook
incapcorp.com Outlook. ● Incap estimates that the company’s revenue and operating profit (EBIT) in 2025 will be higher than in 2024. ● The company expects a somewhat cautious start for the year 2025, as the market is anticipating the impact of the changes related to tariffs, taxes and geopolitical c
Slide 23: Anniversary
ANNIVERSARY InCap
Slide 24: Thank you!
Thank you! Incap Corporation MORE INFORMATION incapcorp.com