Corporate Insights:
Key Figures, Financial Guidelines, Expertise, and Governance
Assets of ICAPE Group
A history of sustained growth
(1) Period from 2001 to 2021
PCB market 1 large and essential for the electronics industry
- Electronics and printed circuits are at the heart of all current technological revolutions (5G, IoT, AI, E-mobility, etc.)
- Market of $79.4 billion 2 in 2025 with an estimated CAGR 3 of +3.7% between 2021 and 2025
- Positioning of ICAPE in segments with higher added value: PCB needs in small, medium and express quantities
1 Printed Circuit Board / Circuits printed
2 Source: Technavio
3 Compound annual growth rate
A key player with a global presence
Experienced management with a solid track record
A high-performance, asset-light economic model
Ambitions financial goals
- Turnover of around €500 million by 2026
- ~8.0% operating margin expected in 2024 and ~9.5% in 2026 4
- Dividend distribution policy: approximately 30% of net income
4 Margin on current operating profit
Key Figures
Among the world’s leading companies and one of the main players in Europe
631
Employees including 250 multilinguals in Asia
35
Subsidiaries and 2 Services Offices in China
€3,723
Average basket High-Mix Low-Volume(1)
€220m
Revenue(2)
80
Qualified suppliers
3
Factories owned by ICAPE Group
3,000+
Active customers
+60
Countries delivered
+80%
Of share capital is owned by the founder, managers, and employees
(1) Based on 2022 including IFRS 5 restatement of future disposals of non-strategic assets
(2) As of December 31, 2022
Financial Guidelines
Our Governance
7 Administrators
3 Independent Admins
3 Advisers
Corporate Social Responsibility
A pro-active, structured CSR approach awarded by a non-financial rating well above the industry average
As part of its planned IPO, ICAPE Group has decided to gain recognition for its commitment to CSR by requesting an Ethifinance rating. Its ESG score of 73/100 is a testimony of an advanced level of maturity, and is around twice the average score in its sector1 (34/100)2.
The Group’s initiatives and commitments in the environmental, ethical and sustainability fields mainly include:
- the set-up and enforcement of an Environment and Ethics Code created in 2007 for the Group’s suppliers, to ensure that they duly protect the environment, comply with international labour law and anti-corruption rules, and have good working conditions in their plants,
- a CSR structure reporting directly to the Group’s Executive Committee, tasked for carrying out a detailed analysis of internal practices and developing an action plan in response,
- the creation of Icape Planète Bleue Corporate Foundation in early 2021 with an allocated budget of €1.5 million over the next five years with aims to pursue public-interest initiatives in the social, environmental, educational and humanitarian fields, in connection with the maritime world and for the ocean protection.
1 – Service and technology companies with fewer than 500 employees
2 – Ethifinance assessment based on 2021 figures and the Group’s responses to the GaiaResearch questionnaire
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