A worldwide technical provider
of printed circuit boards

ICAPE Group’s Founder and Chairman

Dear ladies, gentlemen, and investors;

The crisis in the components market during the pandemic, the shortage of containers, and various other factors pushed industrial companies to increase their orders as a precaution against possible shortages. After the pandemic, 2023 was a year of general decline for the global PCB market, largely due to this overstocking and the economic slowdown.

Despite these adverse conditions, we managed to close the 2023 financial year with an improved EBIT margin. This performance, which reflects the deployment of purchasing synergies from acquisitions made since 2021, can also be seen at operational level, thanks to our policy of strict cost control. Our main financial indicators are showing significant progress, demonstrating the adaptability and resilience of our business model.

Various signs point to the end of the downturn and, in 2024, the Group intends to reactivate its growth momentum while continuing to improve profitability, in particular by stepping up the rationalization of general operating costs. The Group’s efforts will also focus on further improving WCR to strengthen cash generation. In addition, we recorded an increasing number of new references in 2023, a guarantee for our future growth. On these solid foundations, we are in a position to reiterate all our growth and profitability targets.

Yann Duigou,

Press releases

2024-04-05 - 7:00 PM
The ICAPE Group announces the availability of its 2023 Financial Report
2024-03-27 - 8:00 AM
ICAPE Group reports 2023 full-year results confirming its profitability improvement trajectory
2024-02-12 - 5:00 PM
The ICAPE Group acquires a new expertise and consolidates its position in the Italian peninsula

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      ICAPE Group

      ICAPE Group
      Arnaud Le Coguic

      Tel: +33 1 58 18 39 10


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      Nicolas Fossiez / Louis-Victor Delouvrier
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