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2017-09-06 08:00:10 CEST 2017-09-06 08:00:10 CEST REGLERAD INFORMATION Exel Composites Oyj - Inside informationExel Composites Plc’s revises its outlook for 2017EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE 6 SEPTEMBER 2017 at 09:00 EET Exel Composites revises its outlook for the full year 2017 due to the continued strong development in both revenue and operating profit. The revised outlook also reflects the consolidation of the acquired Nanjing Jianhui Composite Material, JHFRP, to the Group. The revised outlook for the full year 2017 is: “Exel Composites estimates that both revenue and operating profit will increase significantly from the 2016 level.” The previous outlook was: “Exel Composites estimates that revenue with comparable company structure (i.e. without the acquisition of Nanjing Jianhui Composite Material, JHFRP) will increase from previous year level and adjusted operating profit will be higher than previous year level. In 2016, Exel Composites’ revenue was EUR 73.1 million and adjusted operating profit was EUR 2.6 million.” Exel Composites publishes its Business Review for January-September 2017 on Wednesday 25 October 2017 at approximately 09:00 EET. Vantaa, 6 September 2017 Exel Composites Plc Board of Directors 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 (www.exelcomposites.com) is a leading composite technology company that designs, manufactures and markets composite products and solutions for demanding applications. Exel Composites provides superior customer experience through continuous innovation, world-class operations and long-term partnerships. The core of the operations is based on own, internally developed composite technology, product range based on it and strong market position in selected segments with a strong quality and brand image. Profitable growth is pursued by a relentless search for new applications and development in co-operation with customers. The personnel’s expertise and high level of technology play a major role in Exel Composites’ operations. Exel Composites Plc share is listed in Nasdaq Helsinki Ltd. |
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