Financial information
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.
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.
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Withdrawn 6 May 2020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.
