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Exel Composites: Bothersome setback

EXELResearch2021-09-17 07:57
Joonas Korkiakoski, Antti Viljakainen
Discuss
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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.

Exel Composites is a manufacturing company. The company manufactures and markets composites used in demanding industrial environments. In addition to its core business, lamination and extrusion are also performed. The largest operations are found around Europe and Asia with customers in the manufacturing and aerospace industries. Exel Composites was founded in 1960 and is headquartered in Vantaa.

Read more on company page

Key Estimate Figures2021-09-17

202021e22e
Revenue108.6125.5130.5
growth-%4.6 %15.6 %4.0 %
EBIT (adj.)9.78.910.8
EBIT-% (adj.)8.9 %7.1 %8.3 %
EPS (adj.)0.110.120.15
Dividend0.050.050.06
Dividend %2.7 %0.3 %0.3 %
P/E (adj.)15.7134.3110.1
EV/EBITDA7.861.051.1

Forum discussions

Aapeli has written an extensive report on Exel, which, like other comprehensive reports, is available for everyone to read. We reiterate our...
10/9/2026, 6:13 AM
by Sijoittaja-alokas
10
Lauri and Exel could definitely shed some light on how many tube segments they actually intend to run on this “celebration” line for Flying ...
10/1/2026, 11:09 AM
by RationalBull
2
Tässä ollut kakkukahveihin syytä nyt useaan otteeseen Karjalainen oli eilisessä avajaisseremoniassa mukana, juttu luettavissa maksumuurin takana...
10/1/2026, 6:55 AM
by Lauri Haavisto
11
Great catch, once again we were ahead of the company’s press releases
10/1/2026, 6:19 AM
by Mika
1
Exel Sijoittajat Tiedotteet From awards and reviews, to case studies and press releases, click here to sign up to the company newsletter and...
10/1/2026, 6:15 AM
by Cadel
11
A listed company doesn’t fall for that so easily without considering a potential non-compete clause. I suppose it’s simply a matter of there...
9/30/2026, 11:47 AM
by TitoK
2
It would be interesting to know if this guy’s recruitment need came from Exel or if he contacted them himself. It would tell a lot about whether...
9/30/2026, 9:17 AM
by Buccaneer
1