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