This article is also available in following languages: fi

Exel Composites Plc’s revises its outlook for 2017

6.9.2017 09:00 EET

EXEL COMPOSITES PLC     STOCK EXCHANGE RELEASE     6 SEPTEMBER 2017 at 09:00 EET

Exel Composites revises its outlook for the full year 2017 due to the continued strong development in both revenue and operating profit. The revised outlook also reflects the consolidation of the acquired Nanjing Jianhui Composite Material, JHFRP, to the Group.

The revised outlook for the full year 2017 is:

“Exel Composites estimates that both revenue and operating profit will increase significantly from the 2016 level.”

The previous outlook was:

“Exel Composites estimates that revenue with comparable company structure (i.e. without the acquisition of Nanjing Jianhui Composite Material, JHFRP) will increase from previous year level and adjusted operating profit will be higher than previous year level. In 2016, Exel Composites’ revenue was EUR 73.1 million and adjusted operating profit was EUR 2.6 million.”

Exel Composites publishes its Business Review for January-September 2017 on Wednesday 25 October 2017 at approximately 09:00 EET.

Vantaa, 6 September 2017

Exel Composites Plc
Board of Directors

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