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Exel Composites: Bothersome setback

EXELResearch17.09.2021 klo 08.57
Joonas Korkiakoski, Antti Viljakainen
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Exel's demand situation has remained good, but higher material costs have affected short-term performance more than we expected. This year's earnings growth will remain low, but one single setback does not spoil the longer-term potential.

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Exel Composites is a manufacturing company. The company manufactures and markets composites used in demanding industrial environments. In addition to its core business, lamination and extrusion are also performed. The largest operations are found around Europe and Asia with customers in the manufacturing and aerospace industries. Exel Composites was founded in 1960 and is headquartered in Vantaa.

Read more on company page

Key Estimate Figures17.09.2021

202021e22e
Revenue108.6125.5130.5
growth-%4.6 %15.6 %4.0 %
EBIT (adj.)9.78.910.8
EBIT-% (adj.)8.9 %7.1 %8.3 %
EPS (adj.)0.110.120.15
Dividend0.050.050.06
Dividend %2.7 %0.4 %0.5 %
P/E (adj.)15.797.980.3
EV/EBITDA7.845.037.6

Forum discussions

Exel’s client seems to be doing relatively well
14 hours ago
by Dissidentti
3
@Lauri_Haavisto do you have any comments on this “wind turbines for data centers” topic ahead of the earnings release? It would be good to know...
16 hours ago
1
Inderes – 11 Aug 26 Exel Composites Q2'26 -ennakko: Odotamme myönteiselle kehitykselle jatkoa -... Exel Composites julkaisee Q2-raporttinsa ...
8/11/2026, 7:17 AM
by Dissidentti
7
Come on now, Aapeli, try to whip up some interesting pre-game hype
8/7/2026, 11:34 AM
by RationalBull
2
Spotted on the KL discussion forum: https://www.compositesworld.com/articles/composite-conductor-cores-boost-capacity-cut-cost-to-help-power...
7/12/2026, 10:33 AM
by jukande
15
Great news, the goals have been reached since the incentives have been triggered !
7/2/2026, 12:39 PM
by el inversor
1
Wasn’t it specifically SEB that was dumping this for months back in the day?
7/2/2026, 7:49 AM
by TitoK
1