Incap: Full-year 2024 net sales and EBIT guidance was upgraded - Nordea

Incap upgraded its 2024 full year guidance. Net sales is now guided to grow (previously decline) in 2024 y/y. Operating profit is expected to be about the same as in 2023 (previously decline y/y). The destocking effect from the main customer could end in Q2, while other customers are growing very well we believe. Moreover, the company has a better visibility towards the year end. Market consensus (LSEG) for net sales growth has already been 5%. Consensus for 2024 EBIT has been EUR 28m (2023: EUR 28m). We expect market consensus for 2024 EBIT to come up by EUR 2m (7%) after guidance upgrade.

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