Financial information
Order intake
Q2 2023
Revenue
Q2 2023
Adjusted operating profit
Q2 2023
Earnings per share
Q2 2023
Employees on average
Q2 2023
Key figures
EUR thousand |
Q1-Q2
|
Q1-Q2
|
2022 |
2021 |
2020 |
2019 |
2018 |
| Revenue | 54 202 | 72 214 | 136 988 | 134 365 | 108 595 | 103 784 | 96 608 |
| Operating profit | -532 | 3 034 | 3 002 | 3 744 | 9 417 | 5 087 | 2 217 |
| % of revenue | -1.0 | 4.2 | 2.2 | 2.8 | 8.7 | 4.9 | 2.3 |
| Adjusted operating profit 1) | 71 | 5 296 | 8 029 | 6 029 | 9 708 | 7 160 | 5 018 |
| % of revenue | 0.1 | 7.3 | 5.9 | 4.5 | 8.9 | 6.9 | 5.2 |
| Profit for the period | -3 073 | 3 919 | 2 145 | 1 656 | 5 368 | 2 397 | 386 |
| % of revenue | -5.7 | 5.4 | 1.6 | 1.2 | 4.9 | 2.3 | 19.1 |
| Profit for the period excluding non-controlling interest | -2 983 | 3 988 | 2 293 | 1 693 | 5 368 | 2 397 | 386 |
| % of revenue | -5.5 | 5.5 | 1.7 | 1.3 | 4.9 | 2.3 | 0.4 |
| Return on equity, % | -22.5 | 24.5 | 7.0 | 5.5 | 19.5 | 9.2 | 1.4 |
| Return on capital employed, % | -1.3 | 7.2 | 3.7 | 4.8 | 14.1 | 8.6 | 4.4 |
| Equity ratio, % | 23.5 | 27.9 | 26.9 | 26.8 | 30.2 | 30.9 | 34.7 |
| Net gearing, % | 128.3 | 119.4 | 102.4 | 119.9 | 107.9 | 114.9 | 96.3 |
| Net cash flow from operating activities 2) | 2 520 | -184 | 6 767 | 6 275 | 14 006 | 9 030 | 868 |
| Net cash flow from investing activities | -1 597 | -2 092 | 2 018 | -11 877 | -12 849 | -6 087 | -12 779 |
| Order intake | 51 725 | 74 615 | 124 735 | 140 557 | 115 373 | 110 693 | 100 757 |
| Order backlog 3) | 26 366 | 43 648 | 29 110 | 41 578 | 36 544 | 30 391 | 23 685 |
| Earnings per share, diluted and undiluted, EUR | -0.25 | 0.34 | 0.19 | 0.14 | 0.45 | 0.20 | 0.03 |
| Equity per share, EUR | 2.01 | 2.72 | 2.53 | 2.58 | 2.44 | 2.23 | 2.18 |
| Dividend/share, EUR | 0.20 | 0.20 | 0.20 | 0.18 | 0.18 | ||
| Price/earnings (P/E) | 29.95 | 57.87 | 16.26 | 32.00 | 122.40 | ||
| Price/book value, (P/B) | 2.11 | 3.07 | 3.02 | 2.91 | 1.83 | ||
| Employees, average | 698 | 744 | 732 | 715 | 665 | 659 | 647 |
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.
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.
