The company delivered earnings growth guidance for this year, in line with our expectations.

The portfolio managers of Inderes’ very own stock portfolio, aka “the model portfolio” (YES: it is a real money equity portfolio that invests in Finnish equities. It was launched back in 2011 with 50 000 euros, the rest is history...) decided to open a position in Incap. The decision-making process behind this transaction certainly needs a video of its own, but that is another story. Until then: Head of research Antti Viljakainen gives his current view of Incap and why the recommendation is BUY!