contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Analyst

Aapeli Pursimo

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.

Well, we’ll see. A pretty bold view from Danske, considering there are still profitability issues. The cash situation might even get tight if profitability doesn’t improve soon. It seems there are now two very different views on the company’s future.

Now, I don’t remember seeing that Danske’s fair value or target was 0.7-0.8 before the split. Maybe it was, but there’s quite a difference to Inderes’ 0.55€ There’s no clear value in these conservative statements. The market moves when facts appear between the lines, if they do, and analyses follow cautiously afterwards. I myself predicted already in December that in June the value would be around 1.05€ (now x15) We’ll see if I become an oracle

Take into account the reverse split that has been made.                   Nasdaq Company News              Exel Composites Oyj on toteuttanut osakkeiden yhdistämisen

Here’s a SalkunRakentaja article about Exel, quoting Danske Bank analyst Waltteri Rossi.   Danske Bank analyst Waltteri Rossi states in the bank’s analysis that Exel’s last year ended strongly with an order intake of 99 million euros, and the company appears to be on a growth path this year. “Exel ended last year positively, with Q4 orders and revenue growing by 173 and 16 percent year-on-year. We expect the strong momentum to have continued in Q1 and estimate revenue of 30 million euros (+16.5 percent year-on-year, consensus 4.3 percent), supported by improved market sentiment and good demand across all segments,” Rossi states. For January-March, Danske expects an adjusted operating profit margin of 4.3 percent. According to Rossi, the improvement in the revenue margin is supported by efficiency measures implemented last year, such as the closure of the Belgian factory, which should no longer have a significant negative impact in the first quarter.  Quite a vigorous change, and before, the fair value has been low   Danske Bank changes the fair value range for Exel Composites’ share to 10.5–12.0 euros from the previous 0.7–0.8 euros. Currently, Exel’s share is priced at 7.8 euros.                    SalkunRakentaja – 12 Apr 26              Tuulivoima ja energiasiirto vauhdittavat Exel Compositesia – analyytikko...    Exel Compositesin kasvustrategia alkaa tuottaa tulosta, kun monivuotiset sopimukset energiasektorilla ja Intian uusi tehdas kiihdyttävät volyymeja.                             EDIT: Yep, above my message was a message about merging   (I didn’t even believe in such a drastic change  )

Here are Aapeli’s quick comments on the consolidation of Exel’s shares                    Inderes – 30 Mar 26              Exel Compositesin osakkeiden yhdistäminen toteutettiin - Inderes    Exel toteutti perjantaina pörssin sulkeutumisen jälkeen yhtiökokouksen päätöksen mukaisesti osakkeidensa yhdistämisen.

It’s easy to agree with that observation about the strategy; the company is very different now. Previously, operations were quite scattered across many small applications, and there wasn’t really a single clear growth story. Now the direction is much clearer, focusing on energy, infrastructure, and other volume markets where the properties of composites provide real significant benefits. At the same time, the production structure has been cleaned up and operations centralized where it’s possible to increase scale. Conductor cores fit this picture quite well. They aren’t some isolated experiment, but exactly the kind of application where technology can scale into a large market. And Exel’s position in the value chain is interesting in the sense that the company doesn’t compete for individual grid projects but supplies the core to conductor manufacturers. If composite cores start to become common, Exel can benefit from the growth of multiple manufacturers at the same time. We’ve already seen indications of this through framework agreements. Therefore, my feeling is that the strategy shift of recent years has put the pieces in a pretty good position. A big part of the work has been fixing the structure and sharpening the focus. The next phase is then quite simple: volumes need to start showing up in the numbers. If applications like conductor cores really take off, Exel could be in a very interesting position over the next few years.

Aapeli and Tomi talked about Exel in a video                    Inderes              Exel Composites: Kysyntää monelta suunnalta - Inderes    Aika: 13.03.2026 klo 15.38 Vaikeiden vuosien jälkeen Exelin tilauskanta on paisunut ennätystasolle ja tuloskäänne näyttää lupaavalta. Tuloskäänteessä onnistumista tukee lisääntynyt kysyntä monelta eri suunnalta.  Aiheet: 00:00 Aloitus 00:13...                             Topics: 00:00 Introduction  00:13 Plenty of demand drivers  03:36 Order backlog at record levels  05:42 Scaling growth into profitability  07:08 The growth curve should strengthen towards the end of the year  10:41 Longer-term potential

Exel Composites

There were no major surprises in Exel's Q3 results due to the preliminary information provided in the October profit warning. As a result, we made no material operational forecast changes. There was also no change in the short-term outlook compared to the profit warning and with this, all eyes will be on the upcoming CMD (November 13). Given the current market situation, the company's earnings position and the limited room for maneuver with the balance sheet, we believe the stock's risk/return ratio will remain weak for the next 12 months.

<p>There were no major surprises in Exel's Q3 results due to the preliminary information provided in the October profit warning. As a result, we made no material operational forecast changes. There was also no change in the short-term outlook compared to the profit warning and with this, all eyes will be on the upcoming CMD (November 13). Given the current market situation, the company's earnings position and the limited room for maneuver with the balance sheet, we believe the stock's risk/return ratio will remain weak for the next 12 months.</p> 

	2022	23e	24e
Revenue	137.0	100.9	109.0
growth-%	1.9 %	-26.3 %	8.0 %
EBIT (adj.)	8.0	-0.8	3.3
EBIT-% (adj.)	5.9 %	-0.8 %	3.0 %
EPS (adj.)	0.15	-0.07	0.02
Dividend	0.05	0.00	0.00
Dividend %	3.7 %
P/E (adj.)	8.8	neg.	423.2
EV/EBITDA	9.4	72.4	43.2

Exel: Eyes on the CMD

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Key Estimate Figures06.11.2023

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