FONTENAY-AUX-ROSES, FRANCE – Icape Group's second quarter revenue of €43.1 million ($46.8 million) was up 0.7% compared to the same period last year.

For the first half of the year, the company's revenue of €86.6 million ($94 million) was down 8.3% compared with the first half of 2023.

"The improvement in growth in the second quarter of 2024 reflects in our view the end of the overstocking cycle among our industrial customers," said CEO Yann Duigou. The first signs of this recovery, which started to materialize at the beginning of 2024, give us confidence for the second half of the year, which should see the global PCB market gain a new dynamic despite the persistent wait-and-see attitude of some players. To capitalize on these early signs of recovery, the Icape Group will be able to count on its key strategic position in the PCB supply chain and its wide range of products and services coupled with its first-rate know-how. This ambition is confirmed by the reaffirmation of our growth and profitability targets."

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