Incap Corporation provided earnings guidance for the fiscal year 2023. for the year, the company expects revenue of EUR 210 million?EUR 220 million and EBIT EUR 24 million?EUR 28 million. 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. Previously Incap estimated that its revenue and operating profit (EBIT) for 2023 would be lower than in 2022.