Media

Media

          

23.7.2019 10:00 EET

Exel Composites Plc’s Half-Year Financial Report January–June 2019: “Business volume continued on a good level, cost savings program progressed according to plan”

Q2 2019 in brief ·  Order intake decreased by 4.7% to EUR 23.8 million (Q2 2018: 25.0). ·  Revenue increased by 4.8% to EUR 26.5 million (25.3). ·  Adjusted operating profit increased to EUR 2.2 million (2.0), representing 8.5% of revenue (7.8). ·  Net cash flow from operating activities wa...

18.7.2019 09:00 EET

Exel Composites Plc launches a domestic commercial paper program

Exel Composites Plc has signed a contract for a EUR 50 million domestic commercial paper program. Within the framework of the contract, the company may issue commercial papers with maturities of under one year. The financing arrangement broadens Exel Composites’ financing base and secures the Group...

18.6.2019 09:00 EET

Exel Composites confirms its strategy and long-term financial targets and introduces a target for net gearing

The Board of Directors of Exel Composites has confirmed the company’s strategy and long-term financial targets for 2019-2022. A new financial target related to net gearing was also introduced. Exel Composites’ long-term financial targets are: ·  Growth: Revenue growth exceeding twice the market ...

17.6.2019 12:00 EET

Exel Composites invests in a new factory in Austria

Exel Composites has decided to expand its operations in Kapfenberg, Austria, by investing in a new manufacturing facility. Special profiles for example for the electrical and mechanical industries as well as for railway and paper machine industries are manufactured in the Kapfenberg facility. “The ...

7.6.2019 14:30 EET

Exel Composites Plc: Announcement regarding change in shareholdings

Exel Composites Plc has on 6 June 2019 received a disclosure under Chapter 9, Section 5 of the Finnish Securities Markets Act according to which the holding of OP-Suomi Pienyhtiöt investment fund has exceeded 5% of the voting rights and share capital in Exel Composites Plc. Through share transactio...

6.5.2019 12:50 EET

Exel Composites Plc: Announcement regarding change in shareholdings

Exel Composites Plc has on 6 May 2019 received a disclosure under Chapter 9, Section 5 of the Finnish Securities Markets Act according to which the holding of Lazard Freres Gestion SAS has exceeded 5% of the voting rights and share capital in Exel Composites Plc. Through share transactions conclude...

3.5.2019 09:00 EET

Exel Composites Plc’s January – March Business Review 2019: “Strong growth in the first quarter”

Q1 2019 in brief ·  Order intake increased by 28.1% to EUR 28.2 million (Q1 2018: 22.0). ·  Revenue increased by 25.9% to EUR 27.1 million (21.5). ·  Adjusted operating profit amounted to EUR 2.0 million (1.8), which is 7.2% of revenue (8.3%). ·  Net cash flow from operating activities was ...

5.4.2019 15:30 EET

Exel Composites Plc: Announcement regarding change in shareholdings

Exel Composites Plc has on 5 April 2019 received a disclosure under Chapter 9, Section 5 of the Finnish Securities Markets Act according to which the holding of Lannebo Fonder AB has fallen below 5% of the voting rights and share capital in Exel Composites Plc. Through share transactions concluded ...

21.3.2019 12:30 EET

Resolutions of the Exel Composites Annual General Meeting 2019

The Annual General Meeting, AGM, of Exel Composites Plc was held on 21 March 2019 and adopted the following resolutions: Adoption of the financial statements The AGM adopted the financial statements of the parent company and the Group for 2018. The AGM also discharged the members of the Board of D...

1.3.2019 09:00 EET

Changes in Exel Composites’ Group Management Team: Mikko Rummukainen appointed SVP, Business Development and member of the Group Management Team

Mr Mikko Rummukainen, 40, has been appointed SVP, Business Development and member of Exel Composites Plc's Group Management Team as of 1 March 2019. He holds a Doctor of Science / D.Sc. (Technology) degree in Physics from Helsinki University of Technology. Mr Rummukainen has worked with Exel Compos...

28.2.2019 09:00 EET

Exel Composites’ Annual Financial Report 2018 published

Exel Composites has today 28 February 2019 published its Annual Financial Report for 2018. The Annual Financial Report for the period from 1 January to 31 December 2018 includes the Board of Directors’ Report, the review by the President and CEO, the consolidated financial statements, the financial ...

15.2.2019 09:15 EET

Notice to Exel Composites Plc’s Annual General Meeting 2019

Notice is given to the shareholders of Exel Composites Plc to the Annual General Meeting of Shareholders to be held on Thursday 21 March 2019 at 10:00 at Scandic Marina Congress Center at the address of Katajanokanlaituri 6, Helsinki, Finland. The reception of persons who have registered for the mee...

15.2.2019 09:00 EET

Exel Composites Plc’s Financial Statements Release 2018: “Strong order intake in Q4”

Q4 2018 in brief ·  Order intake increased by 35.8% to EUR 29.1 million (Q4 2017: 21.4). ·  Revenue increased by 19.2% to EUR 26.7 million (22.4). ·  Adjusted operating profit amounted to EUR 0.8 million (1.3), which is 2.9% of revenue (5.9%). ·  Net cash flow from operating activities was ...

15.2.2019 08:45 EET

Exel Composites continues the long-term incentive program for top management

The Board of Directors of Exel Composites Plc has decided on the continuation of the share-based long-term incentive program for the top management of Exel Composites. The 2019 performance-based plan is part of the share-based long-term incentive program published on 4 May 2017, which objectives are...

1.2.2019 11:00 EET

Exel Composites Plc to close its production facility in Germany

Exel Composites’ subsidiary Exel GmbH has agreed with the local works council, Betriebsrat, to close production in the Voerde manufacturing facility in Germany by 30 April 2019. The Voerde facility is Exel Composites’ smallest unit where composite profiles mainly to the telecommunications industry h...

30.1.2019 15:10 EET

Exel Composites Plc revises its outlook concerning revenue for the full year 2018

Exel Composites revises its outlook published on 31 October 2018 concerning revenue for the full year 2018 and expects revenue to increase significantly compared to 2017. In the last quarter of 2018 the development of order intake and revenue was more favorable than expected as a result of increased...

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