Pressmeddelanden, rapporter och bolagsmeddelande för Exel Composites Oyj

Exel Composites Plc announced its schedule for financial reports in 2025. The Annual Report for 2024, which will include the Board of Directors' Report, Financial Statements, Corporate Governance Statement, and Remuneration Report, is set to be published by March 5, 2025. The Annual General Meeting is planned for March 26, 2025, with the Board of Directors to issue a formal invitation later. Exel Composites is a leading manufacturer of composite profiles and tubes, utilizing advanced pultrusion and pullwinding technologies. The company serves various industries worldwide, aiming to provide sustainable composite solutions. Headquartered in Finland, Exel Composites has over 600 employees and is listed on Nasdaq Helsinki. For more information, contact Lilli Riikonen, Head of Investor Relations.

Exel Composites Plc released a summary of its Business Review for Q1-Q3 2024, highlighting significant growth in revenue and profitability in the third quarter compared to the previous year. The company has seen an increase in order intake and backlog, despite economic uncertainties. Strategic efforts to focus on larger customers and high-growth industries have advanced well, with the commissioning of a new factory in India on track to serve wind power customers. Notable agreements were signed with major wind turbine manufacturers, including Vestas Wind Systems, for future deliveries. Revenue increased across most customer industries, except for the Energy sector, with an overall third-quarter growth of 19.7% year-on-year. The company's profitability improved due to optimization measures, with an adjusted operating profit margin of 2.9% for Q3 2024. Exel Composites maintains its guidance for 2024, expecting significant increases in revenue and adjusted operating profit compared to 2023. The company's financial results briefing is scheduled for October 31, 2024.

Exel Composites will release its Business Review for Q1-Q3 2024 on October 31, 2024, at 9:00 EET. A financial results briefing will be held online at 12:30 EET on the same day, hosted by President and CEO Paul Sohlberg and CFO Mikko Rummukainen. Interested participants should register by emailing investor@exelcomposites.com by October 30, 2024. Exel Composites is a leading global manufacturer of composite profiles and tubes, known for its innovative pultrusion and pullwinding technologies. The company provides solutions across various industries, including wind power and transportation, focusing on sustainability and efficiency. Headquartered in Finland, Exel Composites employs over 600 people and is listed on Nasdaq Helsinki. For more information, visit www.exelcomposites.com.

Exel Composites Plc announced the appointment of members to its Shareholders' Nomination Board. The appointed members are Markus Lindqvist (Aktia Mikro Markka), Matias Arola (Danske Invest Finnish Equity Fund), Jukka Vähäpesola (Elo Mutual Pension Insurance Company), Petteri Vaarnanen (Sp-Fund Management Company), and Jouni Heinonen (Chairman of the Board of Directors, Exel Composites Plc) as an expert member. The Nomination Board comprises representatives from the four largest shareholders and the Chairman of the Board of Directors. The largest shareholders were determined based on holdings registered by Euroclear Finland Oy as of 30 September 2024. The Board is responsible for preparing proposals concerning the Board of Directors' members and their remuneration for the next Annual General Meeting, with proposals due by 31 January 2025. Additional information is available on Exel Composites' website. Exel Composites is a leading manufacturer of composite profiles and tubes, with a global presence and a focus on sustainable solutions. The company is headquartered in Finland and listed on Nasdaq Helsinki.

Exel Composites and its joint venture Kineco-Exel India (KECI) have won a bid to supply pultruded carbon planks for wind turbine spar caps to Vestas Wind Systems A/S. The products will be produced at KECI’s new factory in Goa, India, with deliveries expected to start in the last quarter of 2025. This agreement extends an existing multi-year contract and strengthens the collaboration between Exel Composites and Vestas, a leading company in the wind energy industry. The qualification process for the production facility is underway to meet Vestas' specifications. Exel Composites and KECI provide a range of composite components for wind turbines. KECI, established in 2021, is a joint venture between Exel Composites and Kineco Group.