Icape Holding

ICAPE Group reported first-half 2026 consolidated revenue of €113.3 million, up 12.5% from the restated €100.7 million a year earlier, and raised its full-year 2026 consolidated revenue growth target to at least 18% from the previous 12%. The French printed circuit board distributor said organic growth was 12.3% in the half and 18% excluding currency effects, with second-quarter growth of 22.9%, while EBIT came in at €4.7 million and the EBIT margin was 4.1% for the half, including 6% in the second quarter, keeping the company on track for its roughly 6% full-year EBIT margin target. Net income attributable to the group rose to €1.6 million from €1.1 million in the first half of 2025, and recurring net income attributable to the group was €3 million. The order backlog reached a record US$134.9 million as of 25 September 2026, up 44% from US$93.6 million at the end of June 2026 and up 133% from 30 September 2025, while net financial debt stood at €27.6 million at 30 June 2026, down from €28.8 million at 31 December 2025, in compliance with banking covenants. The revised annual target combines organic revenue growth of around 18%, up from a previous range of 6% to 8%, with approximately €5 million in additional revenue from external growth by the end of 2026, down from the €28 million previously targeted after a transaction under way since the start of the year failed to close in July. ICAPE will present its new medium-term operational, strategic and financial targets at a Capital Markets Day on 24 November 2026.