EMS@C-LEVEL
As Forbes, Entrepreneur, Fast Company and SCOOP writer, Philip Stoten, continues to talk to EMS (Electronic Manufacturing Services) executives he learns more about their individual and collective experiences and their expectations for their own businesses and for the entire electronic manufacturing industry.
EMS@C-LEVEL
APEX 2025 - Double Digit EBITDA and Growth in 2024 with InCap CFO Antti Pynnönen
While much of the European electronics manufacturing industry faced a 14-15% downturn in 2024, InCap Corporation demonstrated remarkable resilience. In this conversation filmed at APEX 2025, CFO Antti Pynnönen reveals how InCap not only weathered the storm but thrived, delivering double-digit EBITDA performance and particularly strong Q4 results.
The secret to their success? According to Antti it's a combination of prescient timing and operational excellence. Antti explains how InCap experienced inventory challenges a year before many competitors, allowing them to adjust early and return to growth mode while others were still struggling. This advantage was magnified by their decentralized organizational structure, which keeps overheads minimal while fostering entrepreneurial spirit and rapid decision-making across their manufacturing sites.
Looking toward the future, Antti outlines InCap's strategically balanced approach to growth amid geopolitical uncertainties. Despite the "limbo situation" created by potential tariff changes and trade tensions, the company maintains an active M&A strategy with a decades long investment horizon. Their financial strength positions them well for targeted expansions in North America, Germany, and Southeast Asia. Particularly promising growth sectors include defense (especially with increased European spending), renewable energy technologies, electric vehicle infrastructure, and data center power solutions driven by AI development.
Whether you're navigating manufacturing challenges, seeking insights on international expansion, or exploring growth markets in electronics manufacturing, this conversation offers valuable perspective from a company that's mastered the art of thriving during industry downturns. Listen now to understand how organizational agility and strategic foresight can transform challenges into opportunities.
EMS@C-Level Live at APEX is sponsored by global inspection leaders Koh Young (https://www.kohyoung.com) and Creative Electron (https://creativeelectron.com)
EMS@C-Level is sponsored by global inspection leaders Koh Young (https://www.kohyoung.com) and Creative Electron (https://creativeelectron.com)
You can see video versions of all of the EMS@C-Level pods on our YouTube playlist.