Incap Corporation Stock Exchange Release 10 April 2014 at 10.00 am INCAP CHANGES THE ESTIMATE IN REGARDS OF THE SUFFICIENCY OF WORKING CAPITAL FOR NEXT 12 MONTHS Incap Corporation has reached a new financing agreement with its Finnish bank regarding the loan installment plan and the covenants related to financing. Based on the re-negotiated loan installment plan and covenants, as well as the actual and the estimated financial development of the company, Incap changes its estimate in regards of the sufficiency of working capital for the next 12 months as given on 25 February 2014. Today, Incap estimates that it has sufficient working capital for the next 12 months. The re-negotiated schedule decreased the loan instalments to a half of the previous plan during the second half of the year 2014. The financial covenants were mitigated and include only the EBITDA of the last 6 months. The targeted EBITDA level on 30 June 2014 is 66,000€ and on 31 December 2014 613,000€. According to the estimate prepared on 10 April 2014 Incap is tracking plan on the revenue, profitability and working capital and therefore the company estimates that the covenants are met in the next testing date on 30 June 2014 Incap keeps its guidance for revenue and profitability for the year 2014 unchanged. As stated earlier in stock exchange release on 25 February 2014, the company estimates that the Group's revenue in 2014 will be significantly smaller than in 2013 when the revenue amounted to EUR 36.8 million. The company estimates that the full-year operating result (EBIT) is positive. In 2013, the result was negative amounting to EUR -5.9 million. Incap's CEO Fredrik Berghel: "Based on our improved operational results caused by the completed Turnaround project, the negotiation process with our bank reached a successful result and gave us room to develop our operations further. We are able to focus on the core of our business, delivering the best-in-class products to our customers. The recruitment of the new permanent CEO is also progressing rapidly and will also support us to reach our targets for coming years. I am confident that our latest developments and this new, positive news will give us a good opportunity to reach our goals." INCAP CORPORATION Fredrik Berghel President and CEO Further information: Fredrik Berghel, President and CEO, tel. +46 73 202 2210 Kirsti Parvi, CFO, tel. +358 50 517 4569 DISTRIBUTION NASDAQ OMX Helsinki Ltd Principal media www.incap.fi INCAP IN BRIEF Incap Corporation is an international contract manufacturer whose comprehensive services cover the entire life-cycle of electromechanical products from design and sourcing to actual manufacture and further to maintenance services. Incap's customers are leading suppliers of high-technology equipment in their own business segments, and Incap increases their competitiveness as a strategic partner. Incap has operations in Finland, Estonia, India and China. The Group's revenue in 2013 amounted to approximately EUR 36.8 million, and the company currently employs approximately 470 people. Incap's share has been listed on the NASDAQ OMX Helsinki Ltd since 1997. Additional information: www.incap.fi. [HUG#1776234]
Incap Corporation changes the estimate in regards of the
Top 10 Most Recent News Articles
Quantum Space Joins $185M NASA Lunar Transport Deal
Quantum Space Bags a Chunk of NASA's Lunar Ambitions Alright, folks, buckle up because we're about to dive into the cosmos. Quantum Space just nabbed a sweet deal—a $185 million whopper of a contract from NASA's Moon Base Transportation program. This isn't chump change; it's a 25% slice for Quantum from the lot Arrow Science and Technology is heading. We're talking...
Continue Reading
Moon Base Ambitions: Impulse Space Wins Key NASA Contracts
NASA's Vision and Impulse's New Role Ever think you'd see a company like Impulse Space set to play a starring role in humanity's return to the lunar surface? Well, strap in because this isn't just a pipe dream anymore. NASA's bold plan to establish a Moon Base has taken a tangible step forward with Impulse winning two hefty task orders. This ain't just peanuts—this duo...
Continue Reading
Gildan's Crisis: Investors Face Losses Amid Lawsuit
Gildan Investors, Brace Yourself Poor old Gildan Activewear finds itself in hot water again, with a class action lawsuit cropping up like an unexpected storm on farmers' day. Any traders remotely involved with NYSE:GIL should pay damn close attention, because with a December 14, 2026 deadline looming, it's crunch time. The Root of the Lawsuit The plot thickens here,...
Continue Reading
ASTS Faces Class Action; Investors Beware of Pitfalls
Securities Fraud Allegations Hit AST SpaceMobile Days like this remind me why we keep our eyes peeled in the stock game—AST SpaceMobile (NASDAQ: ASTS) is tangled in a web of legal drama, and it's something you can't brush off with a shrug. Class action lawsuits for securities fraud? That's like finding out the foundation's shaky beneath a skyscraper. If you've got skin...
Continue Reading
Allergan Aesthetics Study Shows Rising Patient Satisfaction
Enhanced Patient Satisfaction with Aesthetic Treatments Dive into the latest studies from Allergan Aesthetics—AbbVie's heavyweight in the beauty battleground. If you've got an ounce of optimism left in this market, their recent findings might just lift your spirits. Phase 4 studies, namely HARMONY IN DIVERSITY and HALO, are showing highly positive results among patients...
Continue Reading
TCL's Display Future: AI Meets Screens at DTC 2026
Exploring New Horizons in Display Technology There's something brewing in Wuhan: a conference that’s shaping up like a tech enthusiast’s dream. This year, it's all about the symbiosis of cutting-edge tech and dazzling visuals as TCL CSOT gears up to unveil advancements at the Global Display Tech-Ecosystem Conference (DTC) 2026. If you're wondering whether this event...
Continue Reading
Novo's Semaglutide Shows Promise in MASH Study
Semaglutide, a name on the lips of many investors looking for breakthroughs, is making waves again. This time, the stir comes from recent findings in the MASH field, and it's got folks in white coats quite excited. Revolutionary Results from Novo Novo Nordisk has announced promising results from their phase 3 ESSENCE trial that looks into semaglutide's effects on a...
Continue Reading
Amplifon Data Breach Spurs Legal Scrutiny for Millions
Data Breach Fallout: Amplifon Under Fire When a big player like Amplifon gets hit with a data breach, it's like a wake-up call across the board. This one’s no small spill—over 1.3 million folks left wondering whether their personal information is fluttering around cyberspace for all who dare to peek. If you’ve missed the memo, Edelson Lechtzin LLP, the savvy cats in...
Continue Reading
Intelligent Communication Forum Eyes Global Ecosystem Shift
China's Grand Vision for Intelligent Communication You know what they say about big ideas—they start in the most bustling of places. And here we are in Wuxi, a city's pulse pounding with ambition, hosting the 2026 China International Intelligent Communication Forum. Picture it: From November 8th to 10th, movers, shakers, and visionaries are scribbling new blueprints for...
Continue Reading
Webull Faces Class Action Suit: Key Deadlines Loom
The Clock is Ticking for Webull Investors If anyone's got a Webull stake, listen up! You’ve got a deadline that's staring you in the face: December 7, 2026. This is when you need to throw your hat in the ring to be a lead plaintiff in the Webull Corporation class action. We're talking securities fraud, folks, with allegations flying that would make your head spin....
Continue ReadingTop 5 Most Recently Viewed Articles
BetterCloud Tackles AI and SaaS Complexity with New Platform
A New Era for IT Management Trying to keep tabs on the ever-growing jungle of software and AI is like herding cats these days. BetterCloud, a leader in SaaS management, just rolled out an AI-native platform to throw its hat in the ring and tackle this wild frontier. They're promising enterprises a fighting chance against the chaos with a tool that bundles AI governance,...
Continue Reading
Senvest Capital's Bold Move: New Share Buyback Plan Unveiled
Senvest Capital Inc. Announces Acceptance of Buyback Program Senvest Capital Inc. (TSX: SEC) has received a green light from the Toronto Stock Exchange (TSX) to proceed with its plan for a normal course issuer bid (NCIB). The decision allows the corporation to buy back up to 100,000 of its common shares, amounting to about 4.12% of its total outstanding shares. This...
Continue Reading
Innovative Salon Chair Design Enhances Client Accessibility
Revolutionizing Salon Experiences With a New Chair Design Every hairstylist knows the importance of comfort and accessibility in a salon environment. After 33 years of experience in hairstyling, one innovative stylist envisioned a solution to improve the salon chair, resulting in the development of THE SALON CHAIR. This invention enhances client safety, particularly for...
Continue Reading
Discover Magnera's Innovations at the Upcoming Conference
Magnera's Participation at the 2025 Wells Fargo Conference In a notable announcement from Magnera Corporation (NYSE: MAGN), the company revealed its plans to attend the highly anticipated 2025 Wells Fargo Industrials & Materials Conference. This event is set to take place in Chicago, bringing together industry leaders and innovators from around the globe. Leadership...
Continue Reading
Walmart's Stellar Q3 Results Boosting Investor Confidence
Walmart's Impressive Third-Quarter Earnings Walmart Inc. (NYSE: WMT) has once again exceeded the expectations of market analysts with a remarkable performance in its latest earnings report. The retail giant reported adjusted earnings per share of 62 cents, surpassing the market consensus of 60 cents. Initially, the stock dipped by 2.5% in response to the earnings release...
Continue Reading