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Exel Composites

0.48 EUR

-2.05 %

5,613 following
Corporate customer

EXL1V

NASDAQ Helsinki

Construction & Materials

Industrials

-2.05 %
-15.43 %
+5.76 %
+22.31 %
+19.85 %
+27.54 %
-58.04 %
-76.18 %
-57.62 %

Exel Composites is a manufacturing company. The company manufactures and markets composites used in demanding industrial environments. In addition to its core business, lamination and extrusion are also performed. The largest operations are found around Europe and Asia with customers in the manufacturing and aerospace industries. Exel Composites was founded in 1960 and is headquartered in Vantaa.

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Market cap
50.91M EUR
Turnover
37.65K EUR
P/E (adj.) (26e)
23.6
EV/EBIT (adj.) (26e)
10.95
P/B (26e)
1.69
EV/S (26e)
0.64
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
0.55 EUR
Updated
16.02.2026
Disclaimer
Aapeli Pursimo
Aapeli Pursimo

Analyst

Latest research

Latest analysis report

Released: 16.02.2026

Latest extensive report

Released: 09.10.2024

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
26.3
2026

General meeting '26

6.5
2026

Business review Q1'26

12.8
2026

Interim report Q2'26

Risk
Business risk
Valuation risk
Low
High
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Forum discussions
Of course. A contract is a contract and purchases are made at the point when they are needed. Conductor core contracts likely won’t stop here. Exel is in a good position, I really have to take my hat off to the strategy. Exel is completely different now than it was 5-10 years ago...
2/15/2026, 8:37 AM
by RationalBull
5
In these conductor core projects, I think agreeing on a minimum level is a good thing, however. The end customer’s installation schedules naturally determine the delivery schedule, and that can take time while infrastructure is being built, even if the masts are old. I suppose the...
2/13/2026, 8:31 PM
by Junnu
5
It’s strange that they still aren’t providing any kind of numerical guidance. Are the targets so outrageous that they don’t dare say them out loud, and are there simply too many variables, making forecasting pointless anyway? Looking forward to Aapeli’s report with interest.
2/13/2026, 3:36 PM
by Mikko Marttinen
5
Here is a new company report from Aapeli following the Q4 results Exel’s Q4 operational performance fell short of our expectations, while its order intake reached a record level. In its guidance, the company paved the way for rapid growth in the current year but expected growth to...
2/16/2026, 6:37 AM
by Sijoittaja-alokas
4
Strong growth in the order book. However, practically all of the growth in Q4/25 compared to Q4/24 came from conductor cores: order intake was EUR 78.7 million, of which conductor cores accounted for EUR 47 million, meaning without them it was EUR 31.7 million vs. EUR 28.8 million...
2/13/2026, 12:57 PM
4
Adding it to the list The interview will be filmed this afternoon for scheduling reasons, so you can still submit more questions if any come to mind.
2/13/2026, 9:45 AM
by Aapeli Pursimo
4
Very good. Exel will be able to do longer production runs and predictability will improve.
2/13/2026, 9:00 PM
by NOKNOK
3
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