Exel Composites Oyj - Company Announcement

Exel Composites Q2/2015 sales remain on Q1/2015 level – full year outlook unchanged

EXEL COMPOSITES PLC     STOCK EXCHANGE RELEASE             18.6.2015 at 9.15
a.m. 

Exel Composites Q2/2015 sales remain on Q1/2015 level - full year outlook
unchanged 

Exel Composites has recorded consistent sales and profit growth year-on-year
during the last consecutive five quarters. However, in the second quarter of
2015 sales are expected to remain approximately on the same level as first
quarter of 2015, whilst operating profit margin is estimated to be lower than
in the first quarter of 2015 due to higher operational costs, primarily
relating to the implementation of the long-term growth strategy. 

CEO Riku Kytömäki says: In the second quarter of 2015, orders from some
customers are delayed and this will impact profitability. The Company has taken
further actions to control costs and to drive sales. 

The Company's outlook for the whole year still remains unchanged: The market
has stabilized and we can see positive signs in the Company's key market
segments. However, uncertainties relating to general growth prospects in the
economy continue. The Company implements its new strategy by reinforcing the
organization, especially in sales resources, product development and operations
development and by increasing its capacity. These efforts are expected to
reduce the 2015 operating profit margin compared to 2014, but will position the
Company better for long-term profitable growth. 


Vantaa, 18 June 2015



EXEL COMPOSITES PLC

Riku Kytömäki
President and CEO


Further information
Riku Kytömäki, President and CEO, tel. +358 50 511 8288, or email
riku.kytomaki@exelcomposites.com 
Mikko Kettunen, CFO, tel. +358 50 3477 462, or email
mikko.kettunen@exelcomposites.com 

Distribution
NASDAQ OMX 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 OMX Helsinki Ltd.