Exel published its Q1 report on Friday. The company's operational performance was slightly better than we expected. The key causes of joy in the report were in our opinion related to excellently developed new orders, record-high order book, and, thus, the short-term order situation that seems good. The longer-term outlook is also great, and Exel’s own competitiveness is not reprehensible either. The annual return expectation consisting of expected earnings growth and a small dividend is, in our opinion, still sufficient considering the risks. 

EXEL COMPOSITES PLC      STOCK EXCHANGE RELEASE      30 APRIL 2021 at 09:00 EET

• Order intake increased by 21.7% to EUR 42.0 million (Q1 2020: 34.5).
• Revenue increased by 11.3% to EUR 31.0 million (27.8). 
• Operating profit increased to EUR 2.4 million (1.9), which is 7.8% of revenue (6.7).
• Adjusted operating profit increased to EUR 2.5 million (2.1), which is 7.9% of revenue (7.5). 
• Earnings per share amounted to EUR 0.17 (0.06).    

Guidance for the full year 2021

EXEL COMPOSITES PLC      MANAGERS' TRANSACTIONS      26 MARCH 2021 at 10:30 EET

Person subject to the notification requirement

Name: Helsky Petri

Position: Member of the Board/Deputy member

Issuer: Exel Composites Oyj

LEI: 743700205JAMGM80QD88

Notification type: INITIAL NOTIFICATION

Reference number: 743700205JAMGM80QD88_20210325154039_4

____________________________________________

Transaction date: 2021-03-24

Venue: NASDAQ HELSINKI LTD (XHEL)

Instrument type: SHARE

ISIN: FI0009007306

EXEL COMPOSITES PLC      MANAGERS' TRANSACTIONS      26 MARCH 2021 at 10:30 EET

Person subject to the notification requirement

Name: Sormunen Kirsi

Position: Member of the Board/Deputy member

Issuer: Exel Composites Oyj

LEI: 743700205JAMGM80QD88

Notification type: INITIAL NOTIFICATION

Reference number: 743700205JAMGM80QD88_20210325154220_8

____________________________________________

Transaction date: 2021-03-24

Venue: NASDAQ HELSINKI LTD (XHEL)

Instrument type: SHARE

ISIN: FI0009007306