FONTENAY-AUX-ROSES, FRANCE – Icape Group announced €181.6 million ($189.4 million) in full-year revenue, down -2.2% compared to 2023's total.

"The ICAPE Group demonstrated the resilience of its development model throughout 2024," said CEO Yann DUIGOU. "In a deteriorated economic context, affected by geopolitical tensions and sluggish global activity in the printed circuit board market, we remained committed to our strategy based on offensive external growth. This dynamic is reflected in the acquisition of multiple operational assets, particularly in Europe and Asia, consolidating our position in several strategic markets. We pursued this strategy at the beginning of 2025 with the acquisition of Kingfisher PCB, a British company specialized in the distribution of PCB for more than 35 years. This latest operation completes the structuring of our Business Unit in the United Kingdom, one of the main European PCB distribution markets. It is on these solid foundations and thanks to the activation of our operational levers that we intend to take full advantage of the resumption of growth that is beginning to take place over the months and achieve our growth and profitability targets."

The company reaffirmed its finanial targets for 2026, including an average annual organic growth rate of 10% between 2023 and 2026 and around €120 million ($125 million) of additional revenue through external growth between the beginning of 2023 and the end of 2026.

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