Incap Corporation
Stock Exchange Release
Insider information
INCAP IS RAMPING UP ITS FACTORIES IN
Incap announced on
“We are fully committed to support the local government in its actions to contain the virus and to protect the health and safety of our employees. In addition to following strict restrictions guaranteeing social distancing at our factories, we continue to organise vaccination drives in order to help our employees and their families get vaccinated. To support the local community, we have donated computers for the centre that is in charge of the monitoring and controlling the pandemic situation of the Tumkur area. As we are ramping up our production, we will continue to focus on limiting the effects that the current restrictions may have on our customer deliveries,” says
The closure and the partial operations of the factories in
Incap estimates that its revenue, operating profit (EBIT) and adjusted operating profit (EBIT) for 2021 will be clearly higher than in 2020.
The increase in revenue and operating profit estimate is driven by the strong development at the Indian factories and the ramp-up of the factory expansion, that has proceeded faster than expected. Furthermore, the visibility related to the customers’ forecasts and the company’s own assessments of the business development has improved.
The estimates are given provided that there are no major negative changes in the coronavirus pandemic situation, currency exchange rates or in component availability and they are based both on Incap’s customers’ forecasts and the company’s own assessments of the business development.
INCAP CORPORATION
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