Bli medlem
Bli medlem

Du är här

2021-10-27

Incap Group’s business review for January–September 2021: Continued strong growth and profitability

Incap Corporation                               Stock exchange release                                   27 October 2021 at 8:30 a.m. (EEST)
Business review Q3/2021

Incap Group’s business review for January–September 2021: Continued strong growth and profitability

This release is a summary of Incap’s half-year financial report for January–June 2021. The complete report is attached to this release as a pdf file and available on the company’s website at www.incapcorp.com.

July–September 2021 highlights

  • Revenue for the third quarter 2021 amounted to EUR 47.0 million (7–9/2020: EUR 28.1 million), showing an increase of 67.5%.
  • Adjusted operating profit (EBIT) grew 118.8%, amounting to EUR 7.9 million (EUR 3.6 million) or 16.9% of revenue (12.9%).
  • Acquisition related purchase price allocation (PPA) amortisation amounted to EUR 0.1 million (EUR 0.4 million) and non-recurring costs were EUR 0.0 million (EUR 0.0 million).
  • Operating profit (EBIT) grew 139.4%, amounting to EUR 7.8 million (EUR 3.3 million) or 16.6% of revenue (11.6%).
  • Net profit for the period was EUR 6.4 million (EUR 2.4 million).
  • In September 2021, Incap revised its outlook for 2021. Incap estimated that its revenue, operating profit (EBIT) and adjusted operating profit (EBIT) in 2021 will be significantly higher than in 2020.
  • In October 2021, Incap specified the outlook and estimates now that revenue in 2021 will be EUR 166–171 million and operating profit (EBIT) EUR 24–26 million.

January–September 2021 highlights

  • Revenue grew 57.9 % and amounted to EUR 118.3 million (1–9/2020: EUR 74.9 million).
  • Adjusted operating profit (EBIT) grew 102.0%, amounting to EUR 18.1 million (EUR 9.0 million) or 15.3% of revenue (12.1%).
  • Acquisition related purchase price allocation (PPA) amortisation amounted to EUR 0.4 million (EUR 1.5 million) and non-recurring costs were EUR 0.2 million (EUR 0.1 million).
  • Operating profit (EBIT) grew 133.9%, amounting to EUR 17.6 million (EUR 7.5 million) or 14.8% of revenue (10.0%).
  • Net profit for the period was EUR 14.1 million (EUR 5.1 million).

Unless otherwise stated, the comparison figures refer to the corresponding period in 2020. This half-year financial report is unaudited.

Key figures

EUR million7–9/217–9/20Change1–9/211–9/20Change1–12/20
Revenue47.028.167.5%118.374.957.9%106.5
Non-recurring items0.0  0.2 292.2%0.1
Operating profit (EBIT)7.83.3139.4%17.67.5133.9%12.6
EBIT, % of revenue16.6%11.6% 14.8%10.0%
Författare GlobeNewswire