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Provider: Reuters Investment Profile

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Incap Oyj Lowers FY 2012 Revenue Guidance and Confirms FY 2012 EBIT Guidance

Tuesday, 19 Jun 2012 10:10am EDT 

Incap Oyj announced that it has decided to amend its previous revenue guidance and now expects the Group's full-year revenue for 2012 to be lower than in 2011, when it amounted to EUR 68.9 million. The decrease of revenue is mainly caused by the fact that certain equipment for Raha-automaattiyhdistys (Finland's Slot Machine Association) will due to a tendering no longer be included in the production program of Incap. Furthermore, a part of the customers' products manufactured at the Helsinki factory will not be transferred to the Company's other factories in the anticipated extent. The demand for equipment related to energy efficiency is estimated to continue at a good level. Incap reiterates its guidance for the full-year 2012 result and estimates that the operating result (EBIT) is positive and, thus, clearly higher than in 2011 when it was EUR -1.6 million. Compared with the previous guidance, the relative profitability of the Group is improving. In its previous guidance given on May 3, 2012, Incap estimated that its revenue in 2012 will increase from the EUR 68.9 million achieved in 2011. The Group's full-year 2012 operating result (EBIT) in 2012 was expected to be positive and, thus, clearly higher than in 2011 (EUR -1.6 million). 

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