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incadea - Proportion of direct sales hits 76%

October 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • INCA
  • Price:
  • 98.5p
Given that incadea floated in May you might not have expected significant changes quite so soon:  H1 sales were up 64% to Eu13.3m and adjusted pre-tax profit grew by 44% to Eu1.31m (eps 1.9 cents). All much as expected.But speaking to chief executive Werner Leinauer again, the standout feature of these results is the fact that incadea has been busy corporately and has bought its small in-country distributors/ taken over the relationships of former partners at a faster pace than even Leinauer anticipated as recently as May. Back then, they talked about the proportion of direct sales growing to 75% in 2015, but these results show that incadea has already hit that; in fact 76% of sales is now delivered directly. Astonishing. ...

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