contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


exel-growth-opportunities-through-global-production-network

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Aapeli Pursimo

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.

compositesworld.com              IEC publishes IEC TS 62818-1 composite conductor core standardization    New IEC specification, contributed to by Exel Composites, provides essential guidelines for composite conductor cores.                             Standards are nice

As I understand it, Tratos, with whom the framework agreement was made, sells to the US… if I’m not completely mistaken. I have no idea if there are other channels, so there’s nothing else to do but wait for Exel’s commentary on the situation; that interim report isn’t too far off anymore either. Hopefully it will shed at least a little light on the current situation.

Can anyone tell me if markets are opening up for Exel in the US regarding overhead conductors via their customers? There seems to be a rush to increase grid capacity over there.

Here are Aapeli’s comments on Exel’s new framework agreement  The new significant framework agreement includes deliveries of composite cores for power conductors to Italian Tratos. This is already the second similar and, for Exel’s size, large order for Q4’25, which together further strengthen the company’s order book. Overall, we see the framework agreement as positive, and at the same time, it strengthens confidence in our rapid growth forecasts for the coming years. However, the news does not have an immediate impact on our forecasts or our view of the company.                   Inderes              Exel allekirjoitti nelivuotisen vähintään 22 MEUR:n puitesopimuksen - Inderes    Uusi merkittävä puitesopimus sisältää virtajohtimien komposiittiydinten toimituksia italialaiselle Tratosille.

There’s a bit of upward pressure in the forecasts now. Interesting to see if this finally starts to translate into the EPS line next year.

Good morning, forum members! More good news for the end of the year, even more composite cores are heading to Italy. https://www.inderes.fi/releases/sisapiiritieto-exel-composites-oyj-ja-tratos-allekirjoittivat-nelivuotisen-puitesopimuksen-virtajohtimien-komposiittiydinten-toimittamisesta-vahimmaisvolyymisitoumus-22-miljoonaa-euroa

Interesting. We’ll find out next week. Wild guess: Aktia wanted to lighten its position and Erkki bought.

Exel Composites

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. 

<p>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. However, in our view, Exel's position as a truly global player in the pultrusion market provides the company with good prospects for longer-term growth, which supports a positive recommendation. </p> 

	2021	22e	23e
Revenue	134.4	145.1	140.9
growth-%	23.7 %	8.0 %	-2.9 %
EBIT (adj.)	6.0	10.5	9.9
EBIT-% (adj.)	4.5 %	7.2 %	7.0 %
EPS (adj.)	0.07	0.18	0.12
Dividend	0.05	0.05	0.06
Dividend %	2.5 %	9.3 %	10.1 %
P/E (adj.)	27.5	3.2	4.7
EV/EBITDA	11.2	3.0	3.5

Exel: Growth opportunities through a global production network

Key Estimate Figures2022-09-27

Forum discussions