Printed circuit board supplier Icape Group reported solid 2025 revenue growth of 12%, though it posted a slight net loss due to the restructuring of its industrial operations. The company confirmed its growth targets for 2026 but announced the progressive closure of two manufacturing sites—one in France and one in Africa.
The group's 2025 performance was driven by strong demand in its core distribution business and value-added services. However, this growth was offset by one-time costs associated with streamlining its industrial footprint, resulting in a net loss for the year. Management emphasized that the restructuring is a strategic move to improve long-term profitability and operational efficiency.
Icape remains confident in its outlook, reiterating its 2026 growth objectives. The planned site closures are part of a broader effort to optimize its manufacturing network and focus on higher-margin activities. The company did not specify exact closure timelines but indicated the process would be phased to manage customer transitions smoothly.