Outlook

Disclosed outlook for full year 2018

 

Business Review January-September 2018 on 31 October 2018

Exel Composites expects revenue to increase and adjusted operating profit to decrease in 2018 compared to 2017.

 

Half-Year Financial Report January–June 2018 on 24 July 2018

Exel Composites reiterates its outlook for 2018 published on 23 April 2018 and expects revenue to increase significantly and adjusted operating profit to increase in 2018 compared to 2017.

 

Business Review January-March 2018 on 9 May 2018

Exel Composites reiterates its outlook for 2018 published on 23 April 2018 and expects revenue to increase significantly and adjusted operating profit to increase in 2018 compared to 2017.

 

Stock echange release on 23 April 2018

Exel Composites Plc announced today the acquisition of Diversified Structural Composites (“DSC”), with revenue for the fiscal year 2017, ended in March 2018, of USD 19 million and an operating loss close to USD one million. Restructuring initiatives since 2015 have progressively improved DSC’s profitability and breakeven profitability is expected to be reached in 2019.

As a result of the DSC acquisition, Exel Composites revises its outlook for 2018.

The revised outlook for the full year 2018 is:

“Exel Composites expects revenue to increase significantly and adjusted operating profit to increase in 2018 compared to 2017.”

 

Financial Statements Release 2017 on 16 February 2018

Exel Composites expects revenue as well as adjusted operating profit to increase in 2018 compared to 2017.

 

2017

Business Review January–September 2017 on 25 October 2017

Exel Composites reiterates its outlook for 2017 and estimates that both revenue and operating profit will increase significantly from the 2016 level.

 

Stock exchange release on 6 September 2017

Exel Composites revises its outlook for the full year 2017 due to the continued strong development in both revenue and operating profit. The revised outlook also reflects the consolidation of the acquired Nanjing Jianhui Composite Material, JHFRP, to the Group.

The revised outlook for the full year 2017 is:

“Exel Composites estimates that both revenue and operating profit will increase significantly from the 2016 level.”

 

Half-year Financial Report January–June 2017 on 20 July 2017

Exel Composites reiterates its outlook for 2017 and estimates that revenue with comparable company structure (i.e. without the acquisition of Nanjing Jianhui Composite Material, JHFRP) will increase from previous year level and adjusted operating profit will be higher than previous year level. In 2016, Exel Composites’ revenue was EUR 73.1 million and adjusted operating profit was EUR 2.6 million.

 

Business Review January – March 2017 on 4 May 2017

Exel Composites reiterates its outlook for 2017 and estimates that revenue with current company structure (i.e. without the Chinese company acquisition) will increase from previous year level and adjusted operating profit will be higher than previous year level. In 2016, Exel Composites’ revenue was EUR 73.1 million and adjusted operating profit was EUR 2.6 million.

 

Financial Statements Release 2016 on 14 February 2017

Exel Composites estimates that revenue with current company structure (i.e. without the Chinese company acquisition) will increase from previous year level and adjusted operating profit will be higher than previous year level. In 2016, Exel Composites’ revenue was EUR 73.1 million and adjusted operating profit was EUR 2.6 million.

 

2016

Business Review January – September 2016 on 25 October 2016

The Company continues to implement its new strategy with focus on operational efficiency and optimizing the global manufacturing footprint. The Company estimates that adjusted operating profit will decrease in 2016 compared to 2015.

 

Half-year Financial Report January – June 2016 on 21 July 2016

The Company continues to implement its new strategy with focus on operational efficiency and optimizing the global manufacturing footprint. The Company estimates that adjusted operating profit (previously: operating profit excluding any non-recurring items) will decrease in 2016 compared to 2015.

 

Business Review for January – March 2016 on 11 May 2016

The Company continues to implement its new strategy with focus on operational efficiency and optimizing the global manufacturing footprint. The Company estimates that operating profit excluding any non-recurring items will decrease (previously: increase) in 2016 compared to 2015.

 

Financial Statements Release 2015 on 19 February 2016

The Company continues to implement its new strategy with focus to operational efficiency and optimizing the global manufacturing footprint. The Company estimates that operating profit excluding any non-recurring items will increase in 2016 compared to 2015.

 

 

Exel Composites Oyj, Vantaa head office, Mäkituvantie 5, FI-01510 Vantaa, Finland