Exel Composites

Exel published a Q4 report that was softer than our expectations in terms of revenue and EBIT. In connection with the report, Exel issued its guidance for the current year, which is quite well in line with our pre-report expectations. However, in light...

Exel publishes its Q4 report on Friday at 9.00 am EET. We expect Exel’s revenue to have fallen from the comparison period reflecting the moderate new orders and thinner order book of Q3. We estimate that EBIT has grown from the challenging comparison...

Exel reported a weaker-than-expected Q3 report with revenue and operating profit below our estimates. In the report, the company reiterated its guidance for the current year and sees no reason to change it at this time, which was disappointing given our expectations prior to the report.

Exel has been quite successful in its operational activities over the present year, but with a significantly weakened macro picture and short visibility of the business, there is still considerable uncertainty about the company's near-term performance.

Exel’s Q2 report was stronger than we had forecast. The company exceeded our expectations, both in terms revenue and especially in terms of operating profit.

Exel published its Q1 report on Friday. The company started the year with good growth and clearly better-than-expected performance. The measures taken to turn around the US unit seem to have been the right ones and carried out the right way. We think...

Yesterday, Exel published its Q4 report. Growth was strong, but known drawbacks made performance difficult. This year, Exel starts out in an acceptable position and if the performance is straightened out the share is not impossibly priced. However, the...

Yesterday, Exel published its contrasted Q3 report. The company's volume growth remained strong, but major challenges facing the US unit ruined short-term earnings performance. We consider these problems to be temporary, even though there is uncertainty...

Exel's demand situation has remained good, but higher material costs have affected short-term performance more than we expected. This year's earnings growth will remain low, but one single setback does not spoil the longer-term potential.

The structure of Exel's production network is global, industrial positioning extensive, and relative economies of scale are genuine. These factors help guard competitiveness and contribute to strengthening the earnings outlook for coming years. During...

Exel published its Q2 report yesterday. Growth was clearly brisker than we expected, but the operating result was below our estimates. The key causes of joy in the report were undoubtedly related to excellently developed new orders, another record-high...

Exel published its Q1 report on Friday. The company's operational performance was slightly better than we expected. The key causes of joy in the report were in our opinion related to excellently developed new orders, record-high order book, and, thus...

Exel published its Q4 report yesterday. Operationally the company's performance was clearly better than we expected, and the market comments were also beyond reproach. Exel has tuned its business to the nines, even though some internal bumps still need...