Exel Composites Oyj - Inside information

CORRECTION: Exel Composites publishes a restated Half-year Financial Report January–June 2017

EXEL COMPOSITES PLC    HALF-YEAR FINANCIAL REPORT   19 OCTOBER 2017 at 15:45 EET
Exel Composites restates its January-June Half-Year Financial Report 2017
published on 20 July 2017 due to an error in classification of interest-bearing
and non-interest bearing liabilities. The correction impacts balance sheet and
cash flow items presented in the table below. The restatement does not change
the published income statement. The restated Half-Year Financial Report is
attached to this release.

Q2/H1 2017 IN BRIEF AND CONSOLIDATED KEY FIGURES
EUR thousand                                      1.4.–30.6.2017  1.1–30.6.2017
Net cash flow from operating activities                      929             81
Return on capital employed, %                               14.5           15.6
Net gearing, %                                              36.7           36.7

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
EUR thousand                                                          30.6.2017
Current liabilities
Interest-bearing liabilities                                             14,044
Trade and other non-current liabilities                                  20,592

CONSOLIDATED STATEMENT OF CASH FLOWS
EUR thousand                                                      1.1–30.6.2017
Change in working capital                                                -4,456
Net cash flow from operating activities                                      81
Acquisition of subsidiaries                                              -4,191
Cash flow from investing activities                                      -5,733
Cash flow before financing activities                                    -5,652
Change in short-term loans                                                6,491
Net cash flow from financing activities                                   4,801

CONSOLIDATED KEY FIGURES
EUR thousand                                      1.4.–30.6.2017  1.1–30.6.2017
Interest-bearing liabilities                              16,141         16,141
Net interest-bearing liabilities                          10,048         10,048
Capital employed                                          43,530         43,530
Return on capital employed, %                               14.5           15.6
Net gearing, %                                              36.7           36.7

Vantaa, 19 October 2017

Exel Composites Plc

Riku Kytömäki, President and CEO
Mikko Kettunen, CFO
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.

Bifogade filer:

10195540.pdf