Financial information

Order intake

Q1-Q3 2021

Revenue

Q1-Q3 2021

Adjusted operating profit

Q1-Q3 2021

Earnings per share

Q1-Q3 2021

Employees on average

Q1-Q3 2021

Guidance for full year 2021

 

Business Review Q1-Q3 2021, 4 November 2021 

Exel Composites repeats its guidance and expects revenue in 2021 to increase significantly compared to 2020 and adjusted operating profit to decrease compared to 2020. Due to the poor performance in the business unit in the United States, Exel Composites now gives further detail on the guidance and expects revenue in 2021 to amount to EUR 125-135 million and adjusted operating profit to EUR 5.8-7.0 million.

 

Previously published

Key figures

EUR thousand

Q1-Q2 2021

Q1-Q2 2020

2020

2019

2018

2017

2016

Revenue 64,478 55,044 108,595 103,784 96,608 86,255 73,079
Operating profit 4,786 4,662 9,417 5,087 2,217 6,081 649
% of revenue 7.4 8.5 8.7 4.9 2.3 7.1 0.9
Adjusted operating profit 1) 4,917 4,955 9,708 7,160 5,018 6,319 2,621
% of revenue 7.6 9.0 8.9 6.9 5.2 7.3 3.6
Profit for the period 3,447 3,198 5,368 2,397 386 4,212 198
% of revenue 5.3 5.8 4.9 2.3 0.4 4.9 0.3
Return on equity, % 22.9 24.1 19.5 9.2 1.4 15.1 0.7
Return on capital employed, % 12.7 14.2 14.1 8.6 4.4 14.8 1.7
Equity ratio, % 29.9 28.3 30.2 30.9 34.7 44.8 51.3
Net gearing, % 127.6 110.0 107.9 114.9 96.3 30.3 12.2
Net cash flow from operating activities 2) 627 8,188 14,006 9,030 868 4,856 3,129
Net cash flow from investing activities -7,271 -4,827 -12,849 -6,087 -12,779 -8,509 -3,129
Order intake 85,514 57,428 115,373 110,693 100,757 86,531 74,778
Order backlog 3) 56,859 32,595 36,544 30,391 23,685 17,126 16,702
Earnings per share, diluted and undiluted, EUR 0.29 0.27 0.45 0.20 0.03 0.36 0.02
Equity per share, EUR 2.64 2.26 2.44 2.23 2.18 2.43 2.27
Dividend/share, EUR 0.20 0.18 0.18 0.30 0.10
Price/earnings (P/E) 16.26 32,00 122.40 18.40 301.35
Price/book value, (P/B) 3.02 2,91 1.83 2.69 2.21
Employees, average 695 662 665 659 647 532 479

 

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. For more information, please refer to the paragraph “Change in Exel Composites’ financial reporting terminology” of the Half-year Financial Report January – June 2016.
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 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.

Download in excel 2012- H1 2021

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