Exel Composites Oyj

Earnings Release • Jan 30, 2019

Disclosure 367893

Exel Composites Oyj - Inside information

Exel Composites Plc revises its outlook concerning revenue for the full year 2018

EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE 30 JANUARY 2019 at 15:10 EET Exel Composites revises its outlook published on 31 October 2018 concerning revenue for the full year 2018 and expects revenue to increase significantly compared to 2017. In the last quarter of 2018 the development of order intake and revenue was more favorable than expected as a result of increased demand particularly in the wind energy industry. The outlook concerning adjusted operating profit for 2018 remains unchanged. Based on preliminary unaudited information, revenue in 2018 increased approximately 12% to EUR 97 million compared to 2017. Adjusted operating profit in 2018 was approximately EUR 5 million. The updated outlook is: “Exel Composites expects revenue to increase significantly and adjusted operating profit to decrease in 2018 compared to 2017.” The previous outlook was: “Exel Composites expects revenue to increase and adjusted operating profit to decrease in 2018 compared to 2017.” Exel Composites publishes its Financial Statements Release for January-December 2018 on Friday 15 February 2019 at approximately 09:00 EET. Vantaa, 30 January 2019 Exel Composites Plc Riku Kytömäki President and CEO For further information, please contact: Riku Kytömäki, President and CEO tel. +358 50 511 8288 riku.kytomaki@exelcomposites.com Mikko Kettunen, CFO tel. +358 50 347 7462 mikko.kettunen@exelcomposites.com Distribution Nasdaq Helsinki Ltd Main news media www.exelcomposites.com Exel Composites in brief Exel Composites is the world’s leading composite technology company that engineers and manufactures composite products and solutions to an extensive range of demanding industrial applications. The core of the business is based on the employees’ high level of expertise and own, internally developed composite technologies, which have been perfected over decades with a steady focus on innovation. With nine manufacturing plants across Europe, Asia, and North America, and a global sales network, Exel Composites is firmly driven by superior customer experience and world-class operations. Headquartered in Finland, Exel Composites employs approximately 650 people globally. The company’s shares are listed on the Nasdaq Helsinki exchange. www.exelcomposites.com