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CORRECTION: Exel Composites publishes a restated Half-year Financial Report January–June 2017

19.10.2017 15:45 EET

EXEL COMPOSITES PLC    HALF-YEAR FINANCIAL REPORT   19 OCTOBER 2017 at 15:45 EET

Exel Composites restates its January-June Half-Year Financial Report 2017 published on 20 July 2017 due to an error in classification of interest-bearing and non-interest bearing liabilities. The correction impacts balance sheet and cash flow items presented in the table below. The restatement does not change the published income statement. The restated Half-Year Financial Report is attached to this release.

Q2/H1 2017 IN BRIEF AND CONSOLIDATED KEY FIGURES
EUR thousand 1.4.–30.6.2017 1.1–30.6.2017
Net cash flow from operating activities 929 81
Return on capital employed, % 14.5 15.6
Net gearing, % 36.7 36.7

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
EUR thousand 30.6.2017
Current liabilities
Interest-bearing liabilities 14,044
Trade and other non-current liabilities 20,592

CONSOLIDATED STATEMENT OF CASH FLOWS
EUR thousand 1.1–30.6.2017
Change in working capital -4,456
Net cash flow from operating activities 81
Acquisition of subsidiaries -4,191
Cash flow from investing activities -5,733
Cash flow before financing activities -5,652
Change in short-term loans 6,491
Net cash flow from financing activities 4,801

CONSOLIDATED KEY FIGURES
EUR thousand 1.4.–30.6.2017 1.1–30.6.2017
Interest-bearing liabilities 16,141 16,141
Net interest-bearing liabilities 10,048 10,048
Capital employed 43,530 43,530
Return on capital employed, % 14.5 15.6
Net gearing, % 36.7 36.7

Vantaa, 19 October 2017

Exel Composites Plc

Riku Kytömäki, President and CEO
Mikko Kettunen, CFO

For further information, please contact:

Riku Kytömäki, President and CEO
tel. +358 50 511 8288
riku.kytomaki@exelcomposites.com

Mikko Kettunen, CFO
tel. +358 50 347 7462
mikko.kettunen@exelcomposites.com

Distribution

Nasdaq Helsinki Ltd
Main news media
www.exelcomposites.com

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