NCAB Group

NCAB Group is a prominent supplier of printed circuit boards (PCBs), focusing on delivering high-mix, low-volume specialized products. The company operates globally, with a strong presence in Europe, North America, and Asia, sourcing primarily from external suppliers in China. NCAB Group emphasizes sustainability and cost-efficiency, ensuring on-time delivery with zero defects. Founded in 1993, it has grown through both organic expansion and strategic acquisitions, maintaining a robust entrepreneurial culture.

660

1.83

1.48

— NCAB Group
%
PCBs100% High-Mix Low-Volume specialized PCBs

NCAB Group serves a diverse range of customers across various industries, including aerospace, defense, medtech, and EV...

  • Aerospace and Defenseprimary

    Reliable and high-quality PCBs for critical applications

  • Medtechsecondary

    Specialized PCBs for medical technology applications

  • EV Chargingemerging

    PCBs for electric vehicle charging infrastructure

NCAB Group operates in 19 countries across Europe, Asia, and North America, with a significant portion of its PCBs...

  • •Strong presence in the Nordics, Europe, North America, and Asia
  • •PCBs primarily sourced from China
  • •Local offices in 19 countries for customer support
  • •Geographic diversity helps manage supply chain risks
  • •Currency fluctuations impact financial performance

NCAB Group's strategic priorities include expanding its customer base into new segments such as EV charging and...

01
Expand into new segmentsmedium-term

To capture growth opportunities in emerging markets

02
Sustainability and cost-efficiencylong-term

To offer competitive pricing and meet customer demands

03
Strategic acquisitionsshort-term

To enhance market position and capabilities

NCAB Group faces several risks, including currency fluctuations that can impact financial performance due to its global...

critical

Geopolitical risks

Dependence on Chinese suppliers for PCBs

Materiality
high
high

Currency fluctuations

Global operations expose NCAB to exchange rate volatility

Materiality
high
high

Economic downturns

Could reduce demand for PCBs in key markets

Materiality
medium
medium

Technological advancements

Need for continuous innovation to stay competitive

Materiality
medium
Revenue recognition timing
significant
Currency translation differences
notable
Acquisition-related accounting
critical

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: 11/08/2026