Exel Composites Oyj Logo

Exel Composites Oyj

ISIN: FI0009007306 | Ticker: EXL1V | LEI: 743700205JAMGM80QD88
Sector: MaterialsSub-Industry: Specialty Chemicals
Country: Finland

About Exel Composites Oyj

Company Description

A forward-thinking global composites solution provider serving a wide range of industries and applications.

Exel Composites, a forward-thinking global technology company headquartered in Finland, is the world’s largest manufacturer of pultruded and pull-wound composite solutions. Our global manufacturing, R&D, and sales footprint serves customers across a broad range of industries and applications. With over 60 years of composites experience and engineering expertise, we work closely with our customers to design and manufacture high quality composite solutions using carbon fiber, fiberglass, and other high-performance materials. Our composites help reduce weight, improve performance, and decrease total life cycle costs, all while helping increase energy efficiencies and supporting environmental sustainability.

Exel Composites employs approximately 650 innovative and customer-focused employees around the world and is listed on the Nasdaq Helsinki exchange.

Year founded

1960

Served area

Worldwide

Headcount

650

Headquarters

Mäkituvantie 5, 1510 Vantaa – Finland

Financial statements

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Line item in (eur) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 96,800,000.00 117,698,000.00 113,058,000.00
Noncurrent Assets N/A 47,758,000.00 51,869,000.00 47,886,000.00
Property Plant And Equipment N/A 26,193,000.00 31,148,000.00 28,643,000.00
Goodwill N/A 12,597,000.00 12,809,000.00 13,015,000.00
Intangible Assets Other Than Goodwill N/A 3,948,000.00 2,813,000.00 2,160,000.00
Deferred Tax Assets N/A 1,737,000.00 1,891,000.00 1,807,000.00
Other Noncurrent Nonfinancial Assets N/A 48,000.00 48,000.00 48,000.00
Current Assets N/A 49,043,000.00 65,829,000.00 65,172,000.00
Inventories N/A 16,182,000.00 23,944,000.00 23,426,000.00
Trade And Other Current Receivables N/A 20,887,000.00 26,292,000.00 23,279,000.00
Cash and cash equivalents 6,930,000.00 11,974,000.00 15,593,000.00 17,397,000.00
Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners N/A N/A 0.00 1,070,000.00
Equity And Liabilities N/A 96,800,000.00 117,698,000.00 113,058,000.00
Equity 26,302,000.00 28,880,000.00 31,182,000.00 30,385,000.00
Issued Capital N/A 2,141,000.00 2,141,000.00 2,141,000.00
Retained Earnings Profit Loss For Reporting Period N/A N/A 1,693,000.00 2,293,000.00
Retained Earnings Excluding Profit Loss For Reporting Period N/A N/A 20,157,000.00 18,671,000.00
Other Reserves N/A 129,000.00 129,000.00 N/A
Equity Attributable To Owners Of Parent N/A 28,880,000.00 30,574,000.00 29,944,000.00
Noncontrolling Interests N/A 0.00 608,000.00 441,000.00
Noncurrent Liabilities N/A 13,817,000.00 17,133,000.00 15,364,000.00
Noncurrent Payables N/A 573,000.00 1,018,000.00 1,244,000.00
Deferred Tax Liabilities N/A 361,000.00 545,000.00 584,000.00
Longterm Borrowings N/A 10,551,000.00 13,430,000.00 12,400,000.00
Current Liabilities N/A 54,104,000.00 69,383,000.00 67,309,000.00
Trade And Other Current Payables N/A 23,185,000.00 30,443,000.00 25,903,000.00
Current Tax Liabilities Current N/A 661,000.00 1,523,000.00 328,000.00
Liabilities Included In Disposal Groups Classified As Held For Sale N/A N/A 0.00 6,116,000.00
Current Borrowings And Current Portion Of Noncurrent Borrowings N/A 29,169,000.00 36,200,000.00 33,691,000.00
Line item in (eur) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 108,595,000.00 134,365,000.00 136,988,000.00
Other Income 320,000.00 217,000.00 957,000.00
Changes In Inventories Of Finished Goods And Work In Progress 892,000.00 -3,462,000.00 799,000.00
Raw Materials And Consumables Used 41,883,000.00 66,978,000.00 N/A
Employee Benefits Expense 30,807,000.00 35,241,000.00 39,023,000.00
Depreciation And Amortisation Expense 5,845,000.00 6,396,000.00 7,115,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 9,000.00 1,806,000.00 6,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 9,000.00 1,806,000.00 6,000.00
Other Expense By Nature 20,062,000.00 23,880,000.00 29,474,000.00
Profit Loss From Operating Activities 9,417,000.00 3,744,000.00 3,002,000.00
Finance Income 1,383,000.00 2,368,000.00 2,549,000.00
Finance Costs 3,676,000.00 1,947,000.00 1,951,000.00
Profit Loss Before Tax 7,124,000.00 4,165,000.00 3,600,000.00
Income Tax Expense Continuing Operations 1,755,000.00 2,509,000.00 1,455,000.00
Profit (loss) 5,368,000.00 1,656,000.00 2,145,000.00
Profit Loss Attributable To Owners Of Parent 5,368,000.00 1,693,000.00 2,293,000.00
Profit Loss Attributable To Noncontrolling Interests 0.00 -37,000.00 -148,000.00
Line item in (eur) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A 5,368,000.00 1,656,000.00 2,145,000.00
Other Adjustments To Reconcile Profit Loss N/A 10,131,000.00 10,292,000.00 8,732,000.00
Cash Flows From Used In Operations N/A 17,158,000.00 9,415,000.00 9,689,000.00
Interest Paid Classified As Operating Activities N/A 625,000.00 439,000.00 571,000.00
Interest Received Classified As Operating Activities N/A 108,000.00 33,000.00 -28,000.00
Income Taxes Paid Refund Classified As Operating Activities N/A 1,266,000.00 2,049,000.00 2,444,000.00
Other Inflows Outflows Of Cash Classified As Operating Activities N/A -1,368,000.00 -685,000.00 121,000.00
Cash Flows From Used In Operating Activities N/A 14,006,000.00 6,275,000.00 6,767,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 0.00 2,431,000.00 0.00
Cash Flows From Used In Investing Activities N/A -12,849,000.00 -10,468,000.00 2,018,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 1,275,000.00 1,152,000.00 1,264,000.00
Dividends Paid Classified As Financing Activities N/A 2,129,000.00 2,367,000.00 2,371,000.00
Cash Flows From Used In Financing Activities N/A 4,302,000.00 6,812,000.00 -6,811,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A 5,459,000.00 2,619,000.00 1,975,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A -415,000.00 1,002,000.00 -170,000.00
Cash and cash equivalents 6,930,000.00 11,974,000.00 15,593,000.00 17,397,000.00

Please note that some sums might not add up.

Filings & Publications

2022

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2021

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2020

Report
Q1
H1
Q3
FY
Consolidated Report
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information

ISIN

FI0009007306

LEI

743700205JAMGM80QD88

Sector

Materials

Industry Group

Materials

Industry

Chemicals

Sub-Industry

Specialty Chemicals

Listed Stock Exchange

Nasdaq Helsinki

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