Financial information

http://Order%20intake%20Q2%202025

Order intake, EUR million

Q2 2025

http://Revenue%20Q2%202025

Revenue, EUR million

Q2 2025

http://EBITA%20Q2%202025

Adjusted operating profit, EUR million

Q2 2025

http://Earnings%20per%20share%20Q2%202025

Earnings per share, EUR

Q2 2025

http://Employees%20average%20Q2%202025

Employees on average

Q2 2025

Key figures 2025 vs 2024

EUR thousand

Q2 2025

Q2 2024

Change %

FY 2024

Revenue 24,809 26,589 -6.7 99,614
Operating profit 772 1,159 -33.4 -2,853
% of revenue 3.1 4.4 -2.9
Adjusted operating profit 1) 1,129 1,354 -16.6 1,704
% of revenue 4.5 5.1 1.7
EBITDA 2,013 2,605 -22.7 4,246
Adjusted EBITDA 1) 2,370 2,819 -15.9 7,624
Profit before tax -2,926 836 -450.2 -3,778
Profit for the period -2,898 573 -606.0 -5,027
Profit for the period excluding non-controlling interest -2,724 669 -506.9 -4,663
% of revenue -11.0 2.5 -4.7
Shareholders’ equity 28,803 37,230 -22.6 32,337
Interest-bearing liabilities 32,945 49,129 -32.9 30,414
Cash and cash equivalents 7,305 32,431 -77.5 10,904
Net interest-bearing liabilities 25,640 16,699 53.5 19,509
Net debt to adjusted EBITDA 2) 3.1 3.9 -21.2 2.6
Capital employed 61,748 86,359 -28.5 62,751
Return on equity, % -39.0 8.5 -559.1 -20.1
Return on capital employed, % 5.1 6.4 -20.5 -4.3
Equity ratio, % 32.9 32.4 1.6 36.8
Net gearing, % 89.0 44.9 98.5 60.3
Net cash flow from operating activities -376 3,606 -110.4 581
Net cash flow from investing activities -733 -424 72.9 -2,595
Capital expenditure 679 375 81.3 2,658
% of revenue 2.7 1.4 2.7
Research and development costs 982 919 6.9 3,738
% of revenue 4.0 3.5 3.8
Order intake 28,427 26,404 7.7 104,872
Order backlog 46,621 34,487 35.2 34,177
Earnings per share, diluted and undiluted, EUR -0.03 0.02 -213.6 -0.07
Equity per share, EUR 0.27 1.26 -78.65 0.49
Average share price, EUR 0.35 2.34 -85.0 0.40
Average number of shares, diluted and undiluted, 1,000 shares 3) 105,947 65,592 61.5 63,729
Employees, average 605 633 -4.4 632
Employees, end of period 624 638 -2.2 637

 

1) Excluding material items affecting comparability, such as restructuring costs, impairment losses and reversals, and costs related to planned or realized business acquisitions or disposals
2) Last 12 months’ adjusted EBITDA
3) Exel’s rights issue completed in June 2024 increased the total number of shares from 11,896,843 to 106,728,395. Average number of shares excludes shares held by the company.

Key figures 2019-2024

EUR thousand

2024

2023

2022

2021

2020

2019

Revenue 99 614 96 815 136 988 134 365 108 595 103 784
Operating profit -2 853 -4 863 3 002 3 744 9 417 5 087
% of revenue -2.9 -5.0 2.2 2.8 8.7 4.9
Adjusted operating profit 1) 1 704 -2 446 8 029 6 029 9 708 7 160
% of revenue 1.7 -2.5 5.9 4.5 8.9 6.9
EBITDA 4 246 3 832 10 123
Adjusted EBITDA 1) 7 624 4 059 15 149
Profit for the period 5 027 -9 309 2 145 1 656 5 368 2 397
Profit for the period excluding non-controlling interest 4 663 -9 130 2 293 1 693 5 368 2 397
% of revenue -4.7 -9.4 1.7 1.3 4.9 2.3
Net debt to adjusted EBITDA 2) 19 509 8.1 2.1
Return on equity, % -20.1 -38.7 7.0 5.5 19.5 9.2
Return on capital employed, % -4.3 -6.8 3.7 4.8 14.1 8.6
Equity ratio, % 36.8 20.9 26.9 26.8 30.2 30.9
Net gearing, % 60.3 185.7 102.4 119.9 107.9 114.9
Net cash flow from operating activities 3) 581 4 445 6 767 6 275 14 006 9 030
Net cash flow from investing activities -2 595 -3 076 2 018 -11 877 -12 849 -6 087
Order intake 104 872 98 142 124 735 140 557 115 373 110 693
Order backlog 4) 34 177 29 765 29 110 41 578 36 544 30 391
Earnings per share, diluted and undiluted, EUR -0.07 -0.77 0.19 0.14 0.45 0.20
Equity per share, EUR 0.49 1.47 2.53 2.58 2.44 2.23
Dividend/share, EUR 0.00 0.00 0.20 0.20 0.20 0.18
Price/earnings (P/E) -5.91 -3.23 29.95 57.87 16.26 32.00
Price/book value, (P/B) 0.92 1.70 2.11 3.07 3.02 2.91
Employees, average 632 667 732 715 665 659

1) Excluding material items affecting comparability, such as restructuring costs, impairment losses and reversals, and costs related to planned or realized business acquisitions or disposals.
2) Last 12 months’ adjusted EBITDA
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) At the end of the reporting period

Download as a spreadsheet 2013-2024

Financial targets

ORGANIC GROWTH PROFITABILITY FINANCIAL POSITION
Over 200 MEUR annual revenue by 2028 Adjusted operating profit margin >10% by 2028 Net debt / adjusted EBITDA* <3x by 2028

Financial targets by 2028

*) Last 12 months’ adjusted EBITDA

 

Financial targets are considered over a business cycle. Potential acquisitions may impact the long-term financial targets. According to the company’s dividend policy, Exel Composites’ ambition is to distribute a minimum of 40% of net income in dividends, when permitted by the financial structure and growth opportunities.

Dividend policy