Growing industry

The growth in electronics manufacturing services (EMS) is driven by the growing use of electronics supported with megatrends such as digitalization and the transition to Industry 4.0 and 5G technologies. The EMS industry is highly fragmented and offers potential for consolidation.

Welcome to Incap’s investor pages

Incap operates around the world. Our headquarters is in Helsinki, Finland.

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This is Incap

  • Provider of Electronics Manufacturing Services (EMS)

  • Almost 50 years of experience

  • Operations in Finland, Estonia, India, Slovakia, the United Kingdom, USA, Germany, Romania, and Hong Kong

  • Headquarters in Helsinki, Finland

  • 2025 revenue EUR 214.6 million

  • Personnel over 3,000

  • Listed on Nasdaq Nordic since 1997

Half-year report January-June 2026

Revenue for the second quarter 2026 amounted to EUR 74.2 million (4–6/2025: EUR 55.3 million). Year-on-year increase was 34.1%. Revenue increased organically 4.1%. Comparable EBITA amounted to EUR 6.5 million (EUR 6.3 million) or 8.8% of revenue (11.5%). Year-on-year increase was 3.4%. Operating profit (EBIT) amounted to EUR 5.8 million (EUR 6.0 million) or 7.8% of revenue (10.8%). Year-on-year decrease was 3.2%.

CEO’s message

I am happy to say that the completion of the Lacon acquisition in February was a milestone that shaped our team’s work and direction during the first half of 2026. Mainly thanks to the contribution from the acquisition, our revenue increased by 21.1% year-on-year to EUR 130.2 million.

Strategy

The future growth of Incap builds on the entrepreneurial, agile and customer-driven culture of our employees, our flexible operational model as well our deeply engrained cost management mindset. We want to drive consolidation in the industry to benefit …

Incap investment highlights

  • Growing industry

  • Strong financial track record

  • Flexible and scalable operational model

  • Presence in Europe, USA and Asia

  • Broad customer offering

  • Strong entrepreneurial and customer-driven culture

  • Committed to corporate and social responsibility

  • Skilled and empowered personnel

Ticker

Incap has acquired Lacon Group

On 4 December 2025, Incap Corporation announced that it had signed an agreement to acquire 100% ownership of Lacon Group, a well-established EMS company with facilities in Germany and Romania.

The acquisition was completed on 19 February 2026 after the approval of applicable regulatory clearances in Germany and Romania. Lacon Group is now a fully owned subsidiary of Incap Corporation, and its financial figures will be consolidated into Incap Group’s reporting as of 20 February 2026.