Finland · Delayed Price · Currency is EUR Exel Composites Oyj Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 40% year-over-year in H1 2026, with both business units contributing and profitability improving. Order backlog doubled, driven by energy and defense, and guidance for significant full-year growth is reiterated. Gross margin was slightly down due to cost pressures.
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Revenue grew 19% year-over-year to EUR 30.2 million, with both business units contributing and profitability more than doubling. Order backlog reached nearly EUR 100 million, driven by strong energy sector demand and multi-year agreements.
Fiscal Year 2025
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Order intake and backlog surged in Q4 and full year, with revenue and profitability rising sharply. Multi-year agreements and strong sector demand support a positive outlook, while investments and a reverse share split are planned to drive future growth.
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Order intake rose 28% year-over-year and backlog hit a three-year high, driven by strong energy and infrastructure demand. Adjusted operating profit grew 31%, with a major EUR 25 million conductor core deal signed post-period. Guidance for significant full-year growth remains unchanged.
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Order intake rose 15% year-over-year, with stable revenue and improved operating profit. Energy and defense sectors drove growth, while a cyber attack was contained without operational impact. Guidance for significant revenue and profit growth in 2025 remains unchanged.
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Order intake rose 21% year-over-year, with revenue up 8% and adjusted operating profit improving to €0.7 million. Strategic actions included the Belgium factory closure and ramp-up of the India facility, while guidance remains for significant profit and revenue growth in 2024.
Fiscal Year 2024
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Q4 saw strong year-over-year growth in order intake, revenue, and adjusted operating profit, with a 15% increase in order backlog and major strategic milestones including a new India factory and Belgian plant closure. Revenue and profit are expected to rise significantly in 2024.
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Revenue and operating profit rose sharply year-over-year in Q3, with strong order backlog and major new wind power customer wins. Strategic actions included a Belgium factory review, India factory ramp-up, and sustainability initiatives.