ICAPE Group Announces Its Full-Year Revenue for 2023 - Seite 2

Over the period, the ICAPE Group benefited from the commercial performance of the various acquisitions made in 2023 in the distribution of PCB and custom-made technical parts, namely those of French manufacturer Fimor Electronics, German distributors HLT, Princitec and Bordan Electronic Consult, and US companies PCB Solutions, Ustek Incorporated and Nujay Technologies Inc, for a contribution to revenue from external growth of €10 million, or 4.5% of the Group’s revenue.

Confirmation of the Group's offensive M&A strategy

Bolstered by the €47 million financing package announced at the end of December 2023, the Group intends to continue acquiring companies specialized in the distribution of PCB and technical parts in all its geographical regions over the coming months and years. The ICAPE Group is in advanced discussions with targets with a solid profitability profile, a broad customer portfolio and proven synergies with its organisation.

Reaffirmation of all the Group's growth and profitability targets

Given the particularly unfavourable economic climate for 2023, characterised in particular by a shortage of orders from its main customers who had overstocked in previous years, the objective of achieving revenue of around €500 million by 2026 has now been postponed to the medium term.

Faced with an economic environment that remains challenging, the ICAPE Group intends to pursue its policy of external growth and cost optimisation, by acquiring companies with a solid profitability profile and a favourable product mix thanks to its range of high added-value services. The Group is therefore reaffirming all its other indicators for 2026, namely:

• an average annual organic growth rate of 10% between 2023 and 2026;
• around €120 million of additional revenue through external growth by 2026¹;
• an EBIT margin of around 9.5% by 2026.

Next financial release

• Publication of the 2023 Full-Year Results on Wednesday 27, March 2024

About the ICAPE Group

Founded in 1999, the ICAPE Group acts as a key technological expert in the PCB and technical parts supply chain. With a global network of 35 subsidiaries and a major presence in China, where most of the world’s PCB production is done, the Group is a one-stop-shop provider for the products and services which are essentials for customers. As of December 31, 2023, the ICAPE Group recorded a consolidated revenue of €179.5 million.

For more information, visit icape-group.com

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¹ From 1st July 2023 to the end of 2026

View source version on businesswire.com: https://www.businesswire.com/news/home/20240207058259/en/

The ICAPE HOLDING Stock at the time of publication of the news with a raise of +0,43 % to 11,55EUR on Euronext Paris stock exchange (07. Februar 2024, 17:05 Uhr).