Financial information

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Key figures

EUR thousands 2019 2018 2017 2016 2015 2014 2013 2012
Order intake 110,693 100,757 86,531 74,778 83,374 82,327 69,784 73,842
Order backlog 1) 30,391 23,685 17,126 16,702 15,348 12,833 10,458 10,516
                 
Revenue  103,784 96,608 86,255 73,079 80,196 79,253 69,290 75,998
Adjusted operating profit 2) 7,160 5,018 6,319 2,621 4,770 9,361 5,543 5,899
% of revenue 6.9 5.2 7.3 3.6 5.9 11.8 8.0 7.8
                 
Profit for the period 2,397 386 4,212 198 2,844 5,702 3,080 2,031
                 
Net cash flow from operating activities 3) 9,030 868 4,856 3,129 3,385 10,679 7,788 8,193
Return on capital employed, % 8.6 4.4 14.8 1.7 12.0 25.2 13.0 8.4
Net gearing, % 3) 114.9 96.3 30.3 12.2 2.0 -8.7 15.0 -3.4
                 
Earnings/share, EUR  0.20 0.03 0.36 0.02 0.24 0.48 0.26 0.17
Equity/share, EUR  2.23 2.18 2.43 2.27 2.58 2.50 1.92 2.64
Dividend/share, EUR 0.18 0.18 0.30 0.10 0.22 0.20 0.00 4) 0.30
Price/earnings (P/E) 32,00 0.00 18.4 301.4 27.3 17.5 22.2 34.6
Price/book value, (P/B) 2,91 1.83 2.69 2.21 2.53 3.36 2.99 2.23
                 
Employees on average 660 647 532 479 498 433 427 431

 

1) At the end of the period.
2) Excluding material items affecting comparability, such as restructuring costs, impairment losses and reversals, and costs related to planned or realized business acquisitions or disposals. For more information, please refer to the paragraph “Change in Exel Composites’ financial reporting terminology” of the Half-year Financial Report January – June 2016.
3) Exel Composites Plc has applied the IFRS16 -standard since 1.1.2019 according to the model where the comparative information of previous periods is not adjusted.
4) A capital repayment of EUR 0.50 per share was paid to shareholders in December 2013. The AGM 2014 decided that no dividend will be paid for the financial year that closed on 31 December 2013.

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Financial targets

Our long-term financial targets are:

Financial targets are considered over a business cycle. Potential acquisitions may impact the long-term financial targets.

Dividend policy

Guidance for full year 2020

Withdrawn 6 May 2020

As a consequence of increased uncertainty and poor short term predictability due to the Covid-19-pandemic Exel Composites withdraws its current guidance. The impact of the pandemic on the company depends on the duration and severity of the crisis. The company will specify its guidance for 2020 later during the year when a more reliable estimate can be made.

According to its previous guidance, the company expected revenue and adjusted operating profit to increase compared to 2019.

Previously published