Interim Report 1 January - 30 September 2011 (publ. 26 October 2011)
Outlook for 2011
Demand in the pultrusion industry has improved gradually in 2011, though there are recent signs of a business slowdown. We believe that Exel Composites is well positioned to take advantage of the growth opportunities in the future. As a result of improved profitability, good cash flow generation and reduced debt level we believe in Exel Composites' long-term performance. Exel Composites recorded strong first nine months of 2011, but maintains its cautious stance for the rest of the year 2011, since market uncertainties persist.