Financial information

Order intake

Q1-Q3 2022

Revenue

Q1-Q3 2022

Adjusted operating profit

Q1-Q3 2022

Earnings per share

Q1-Q3 2022

Employees on average

Q1-Q2 2022

Guidance for full year 2022

Q1-Q3 Business Review, 3 November 2022 (unchanged)

Exel Composites expects that revenue in 2022 will be at last year’s level and adjusted operating profit will increase compared to 2021.

 

Previously published

Key figures

EUR thousand Q1-Q3
2022
Q1-Q3
2021
2021 2020 2019 2018 2017
Revenue 106 004 97 872 134 365 108 595 103 784 96 608 86 255
Operating profit 4 717 3 095 3 744 9 417 5 087 2 217 6 081
% of revenue 4,4 3,2 2,8 8,7 4,9 2,3 7,1
Adjusted operating profit 1) 7 111 5 025 6 029 9 708 7 160 5 018 6 319
% of revenue 6,7 5,1 4,5 8,9 6,9 5,2 7,3
Profit for the period 5 971 1 238 1 656 5 368 2 397 386 4 212
% of revenue 5,6 1,3 1,2 4,9 2,3 19,1 208,8
Profit for the period excluding non-controlling interest 6 074 1 238 1 693 5 368 2 397 386 4 212
% of revenue 5,7 1,3 1,3 4,9 2,3 0,4 4,9
Return on equity, % 24,1 5,7 5,5 19,5 9,2 1,4 15,1
Return on capital employed, % 7,6 5,5 4,8 14,1 8,6 4,4 14,8
Equity ratio, % 31,0 27,4 26,8 30,2 30,9 34,7 44,8
Net gearing, % 107,7 144,1 119,9 107,9 114,9 96,3 30,3
Net cash flow from operating activities 2) 2 406 1 358 6 275 14 006 9 030 868 4 856
Net cash flow from investing activities -1 949 -8 845 -11 877 -12 849 -6 087 -12 779 -8 509
Order intake 99 090 110 065 140 557 115 373 110 693 100 757 86 531
Order backlog 3) 34 607 47 880 41 578 36 544 30 391 23 685 17 126
Earnings per share, diluted and undiluted, EUR 0,51 0,10 0,14 0,45 0,20 0,03 0,36
Equity per share, EUR 2,90 2,43 2,58 2,44 2,23 2,18 2,43
Dividend/share, EUR 5) 0,20 0,20 0,18 0,18 0,30
Price/earnings (P/E) 57,87 16,26 32,00 122,40 18,40
Price/book value, (P/B) 3,07 3,02 2,91 1,83 2,69
Employees, average 736 703 715 665 659 647 532

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) 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.
3) At the end of the reporting period.
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.
5) Board proposal for the AGM.

 

 

Download in excel 2012- 2022

Financial targets

GROWTH PROFITABILITY CAPITAL EFFICIENCY FINANCIAL POSITION
Revenue growth 2x market growth 1) Adjusted operating profit margin >10% Return on capital employed > 20% Net gearing ≤ 80%

1) The average annual growth rate estimated for
the global composites market is, according to
customer industry, region and source, between
2%-5% in volume in the coming years.

 

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