Exel Composites Plc Interim Report for January 1 - September 30, 2009

EXEL COMPOSITES PLC  STOCK EXCHANGE RELEASE  29 October 2009 at 9.00 a.m. 1 (14)  
EXEL COMPOSITES PLC INTERIM REPORT FOR JANUARY 1 - SEPTEMBER 30, 2009           


January - September 2009 highlights and outlook                                 

- Net sales of continuing operations decreased by 16.6 per cent to EUR 53.8     
(64.5) million                                                                  
- Operating profit of continuing operations was EUR 5.6 (6.4) million,          
representing 10.5 (10.0) per cent of net sales                                  
- Fully diluted earnings per share were EUR 0.37 (-0.24) of which continuing    
operations accounted for EUR 0.35 (0.29)                                        
- Net operative cash flow increased by 75.1 per cent to EUR 8.6 (4.9) million   
- Return on capital employed improved to 18.4 (-4.0) per cent                   
- Net gearing continued to improve from 123.9 per cent (year end 2008) to 51.8  
per cent                                                                        
- The challenging market conditions are expected to continue also during the    
rest of the year affecting net sales and profitability also during the fourth   
quarter.                                                                        

July - September 2009 highlights                                                

- Net sales of continuing operations decreased to EUR 15.9 (21.1) million       
- Operating profit of continuing operations was EUR 1.2 (1.8) million,          
representing 7.8 (8.5) per cent of net sales                                    
- Fully diluted earnings per share were EUR 0.07 (0.07) of which continuing     
operations accounted for EUR 0.06 (0.03)                                        


Vesa Korpimies, President and CEO:                                              

”The economic slow-down continued to impact the pultrusion market during the    
third quarter. Our sales decreased by 24.5 per cent year on year. However, we   
were able to maintain our position in our key market segments. Sales improved in
the building, construction and infrastructure market segment due to new         
applications. Furthermore, we signed new long-term agreements in the electrical 
industry.                                                                       

We continued to adjust the operations and resources in all business units to the
present market situation. We continued to maintain a strong emphasis on         
profitability and operative working capital reduction, to safeguard good cash   
flow and to further reinforce our financial position.                           

The market for composite products is still uncertain. We are prepared for the   
difficult market conditions to continue. Contingency plans are in place to      
address the risk of further market decline and we are ready to take further     
actions if necessary. We will also continue to have a strong focus to drive     
sales to current and new customers. As a listed company with a strong financial 
position, Exel has good possibilities to continue the consolidation of the      
pultrusion market. Even though the short-term market is challenging, the        
long-term growth opportunities still remain favorable.”                         




                                                                                



CONSOLIDATED KEY FIGURES, EUR million                                           
(unaudited)                                                                     

--------------------------------------------------------------------------------
|            |  1.7. -  |  1.7. | Change | 1.1. - |  1.1. - | Change, | 1.1. - |
|            |    30.9. |     - |      % |  30.9. |   30.9. |       % | 31.12. |
|            |     2009 | 30.9. |        |   2009 |    2008 |         |   2008 |
|            |          |  2008 |        |        |         |         |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales, |     15.9 |  21.1 |  -24.5 |   53.8 |    64.5 |   -16.6 |   84.9 |
| continuing |          |       |        |        |         |         |        |
| operations |          |       |        |        |         |         |        |
--------------------------------------------------------------------------------
| Operating  |      1.2 |   1.8 |  -30.6 |    5.6 |     6.4 |   -12.4 |    8.6 |
| profit,    |          |       |        |        |         |         |        |
| continuing |          |       |        |        |         |         |        |
| operations |          |       |        |        |         |         |        |
--------------------------------------------------------------------------------
| % of net   |      7.8 |   8.5 |        |   10.5 |    10.0 |         |   10.1 |
| sales      |          |       |        |        |         |         |        |
--------------------------------------------------------------------------------
| Profit for |      0.7 |   0.4 |   89.9 |    4.1 |     3.4 |    20.2 |   -4.0 |
| the        |          |       |        |        |         |         |        |
| period,    |          |       |        |        |         |         |        |
| continuing |          |       |        |        |         |         |        |
| operations |          |       |        |        |         |         |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Shareholde |     22.7 |  18.3 |   24.3 |   22.7 |    18.3 |    24.3 |   16.7 |
| rs' equity |          |       |        |        |         |         |        |
--------------------------------------------------------------------------------
| Net        |     11.8 |  26.4 |  -55.4 |   11.8 |    26.4 |   -55.4 |   20.7 |
| interest-b |          |       |        |        |         |         |        |
| earing     |          |       |        |        |         |         |        |
| liabilitie |          |       |        |        |         |         |        |
| s          |          |       |        |        |         |         |        |
--------------------------------------------------------------------------------
| Capital    |     43.3 |  50.8 |  -14.8 |   43.3 |    50.8 |   -14.8 |   45.4 |
| employed   |          |       |        |        |         |         |        |
--------------------------------------------------------------------------------
| Return on  |     14.3 |  19.2 |        |   29.9 |   -18.0 |         |  -14.7 |
| equity, %  |          |       |        |        |         |         |        |
--------------------------------------------------------------------------------
| Return on  |     12.4 |  20.3 |        |   18.4 |    -4.0 |         |    0.0 |
| capital    |          |       |        |        |         |         |        |
| employed,  |          |       |        |        |         |         |        |
| %          |          |       |        |        |         |         |        |
--------------------------------------------------------------------------------
| Equity     |     38.8 |  26.8 |        |   38.8 |    26.8 |         |   28.2 |
| ratio, %   |          |       |        |        |         |         |        |
--------------------------------------------------------------------------------
| Net        |     51.8 | 144.3 |        |   51.8 |   144.3 |         |  123.9 |
| gearing, % |          |       |        |        |         |         |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings   |     0.07 |  0.07 |    0.0 |   0.37 |   -0.24 |     0.0 |  -0.25 |
| per share, |          |       |        |        |         |         |        |
| EUR        |          |       |        |        |         |         |        |
--------------------------------------------------------------------------------
| Earnings   |     0.07 |  0.07 |    0.0 |   0.37 |   -0.24 |     0.0 |  -0.25 |
| per share, |          |       |        |        |         |         |        |
| diluted,   |          |       |        |        |         |         |        |
| EUR        |          |       |        |        |         |         |        |
--------------------------------------------------------------------------------
| Equity per |     1.91 |  1.54 |   24.0 |   1.91 |    1.54 |    24.0 |   1.40 |
| share, EUR |          |       |        |        |         |         |        |
--------------------------------------------------------------------------------


IFRS REPORTING                                                                  

This interim report has been prepared in accordance with the recognition and    
measurement principles of IFRS, which are the same as in the 2008 financial     
statements. The Company has adopted the following mandatory IAS and IFRS        
standards that entered into force on 1 January 2009:                            

- IFRS 8 Operating segments. The standard replaces IAS 14 Segment Reporting.    
Exel Composites reports only with one segment, Exel Composites. Exel Sports     
Brands segment is reported as discontinued operations.                          
- IAS 1 Presentation of Financial Statements. The standard separates owner and  
non-owner changes in equity. The Group has applied this standard as of 1 January
2009.                                                                           
-IAS 23 Borrowing costs. The revised standard requires capitalization of        
borrowing costs that are directly attributable to the acquisition, construction 
or production of a qualifying asset. The Group has applied this standard as of 1
January 2009.                                                                   
- IAS 32 Financial Instruments. Presentation and IAS 1 Presentation of Financial
Statements - Puttable Financial Instruments and Obligations Arising on          
Liquidation. According to the revised standard requires entities to classify    
puttable financial instruments and instruments, or components of instruments    
that impose on the entity an obligation to deliver to another party a pro rata  
share of net assets of the entity only on liquidation as equity, provided the   
financial instruments have particular features and meet specific conditions. The
Group has applied this standard as of 1 January 2009.                           

FINANCIAL PERFORMANCE                                                           

Net sales of continuing operations in July-September 2009 were EUR 15.9 (21.1)  
million. Sales in almost all geographical markets decreased in the third        
quarter, and the order intake was weak. However, sales to general industries,   
especially defense, improved due to new applications. New applications have been
developed also in the building, construction and infrastructure market.         
Furthermore, new long-term agreements have been signed in the electrical        
industry. In August 2009, the Federal Aviation Administration (FAA) listed      
Exel's frangible safety approach masts as approved airport lighting equipment.  

Exel's operating profit of continuing operations for July-September 2009        
decreased to EUR 1.2 million, compared to EUR 1.8 million the corresponding     
period last year.                                                               

Net sales of continuing operations in January-September 2009 decreased by 16.6  
per cent to EUR 53.8 (64.5) million compared to the corresponding period in     
2008. Especially the machine industry, sports and leisure, paper industry and   
telecommunication applications were affected. Sales developed relatively better 
in Europe compared to Asia, which suffered from tough competition especially in 
China.                                                                          

Exel's operating profit of continuing operations for the first nine months of   
2009 decreased to EUR 5.6 (6.4) million, compared to the corresponding period   
last year. Operating profit as a percentage of net sales was 10.5 (10.0) per    
cent.                                                                           

The Group's net financial expenses of continuing operations in January-September
2009 decreased by 97.6 per cent to EUR 0.1 (1.9) million. The main reasons for  
the improvement were lower interest rates, lower debt and favorable currency    
exchange rates, especially the Australian dollar. The Group's profit before     
taxes from continuing operations was EUR 5.6 (4.6) million and profit after     
taxes EUR 4.1 (3.4) million.                                                    

Fully diluted earnings per share of continuing operations in January-September  
2009 improved to EUR 0.35 (0.29).                                               

The comprehensive rationalization program of the Exel Group has restored        
profitability by reducing operational costs and streamlining the capital        
employed. The return on capital employed in January-September 2009 increased to 
18.4 (-4.0) per cent.                                                           

BALANCE SHEET AND FINANCIAL POSITION                                            

Exel maintained a strong emphasis on cash flow and improved the financial       
position. Reinforced measures were taken to reduce operative working capital and
cash flow from business operations for the first nine months of the year was    
positive at EUR 8.6 (4.9) million. Cash flow before financing, but after capital
expenditure, improved to EUR 8.9 (4.0) million.                                 

Net interest-bearing liabilities were reduced to EUR 11.8 million compared to   
EUR 26.4 million on September 30, 2008, and the net gearing ratio was improved  
to 51.8 (144.3) per cent.                                                       

Capital expenditure was financed with cash flow from business operations. At the
end of the third quarter the Group's liquid assets stood at EUR 8.8 (6.1)       
million.                                                                        

The Group's consolidated total assets at the end of the period under review were
EUR 58.6 (68.1) million.                                                        

Equity at the end of the period under review was EUR 22.7 (18.3) million and    
equity ratio 38.8 (26.8) per cent. Interest-bearing liabilities amounted to EUR 
20.5 (32.5) million, of which short-term liabilities accounted for EUR 4.2 (9.4)
million.                                                                        
  							                                                                       
CAPITAL EXPENDITURE AND DEPRECIATION                                            

The capital expenditure on fixed assets during the first nine months amounted to
EUR 1.1 (1.0) million.                                                          

Total depreciation of non-current assets during the period under review amounted
to EUR 2.3 (3.1) million.                                                       

PERSONNEL                                                                       

The number of Exel Group employees on 30 September 2009 was 409 (487), of whom  
175 (220) worked in Finland and 234 (267) in other countries. The average number
of personnel during the reporting period was 443 (542). The decrease both in    
Finland and abroad is due to the rationalization actions in the Finnish, British
and Chinese units and divestments of Exel Sports Brands' Outdoor and Floorball  
businesses.                                                                     

The co-determination negotiations concerning the Exel Group's Finnish units were
concluded on 31 July 2009. As a result of negotiations, the amount of permanent 
employment contracts to be terminated was 19. In addition, 7 temporary          
employment contracts for non-salaried employees and 1 for salaried employees    
come to termination at the end of their duration. Furthermore, the job          
descriptions, tasks and essential terms of the employment contracts of both     
non-salaried and salaried employees have been altered to correspond to the new  
situation when necessary.                                                       

In addition, Exel issued a warning of temporary layoffs covering all the        
employees of the Finnish units. The warning of temporary layoffs is valid until 
the end of 2010. Actions to adjust Exel Composites' cost base to lower sales    
have continued also in the units outside of Finland.                            

Significant personnel reductions will take place by the end of 2009. Thus, the  
measures taken are expected to have an effect on the Group's financial situation
only in 2010.                                                                   

SHARES AND SHARE CAPITAL                                                        

At the end of September 2009, Exel's share capital was EUR 2,141,431.74 and the 
number of shares was 11,896,843. There were no changes in the share capital     
during the review period.                                                       

Based on the closing price on 30 September 2009, the market capitalization      
totaled EUR 66.4 (82.4) million. During the reporting period 3,195,810 (821,408)
shares were traded, accounting for 26.9 (6.9) per cent of the average number of 
shares outstanding.                                                             

The highest share quotation was EUR 6.20 (12.20) and the lowest EUR 2.37 (6.53).
The share price closed at EUR 5.58 (6.93). The average share price during the   
review period was EUR 3.91 (9.08).                                              

Exel Composites did not hold any own shares at the end of the period under      
review.                                                                         

SHAREHOLDERS                                                                    

Exel had a total of 1,749 shareholders on 30 September 2009. For the current    
shareholder structure, please see www.exelcomposites.com.                       

Exel Composites received no flagging notifications during the third quarter of  
2009.                                                                           

CHANGES IN GROUP STRUCTURE                                                      

Exel Group's German unit located in Voerde was operationally integrated into    
Exel Composites Finland during the period under review. The unit in question and
the Kivara factory located in Finland have been operating in close co-operation 
for a number of years. The integration aims at improving efficiency and         
synergies between the two production units.                                     

EVENTS AFTER THE PERIOD UNDER REVIEW                                            

Grant Pearce, Managing Director of Exel Composites Australia and member of Exel 
Composites Plc's Management Group, resigned at the beginning of October 2009.   
The executive search for a new managing director has been commenced. In the     
meanwhile, Callum Gough, SVP Operations, assumes Grant Pearce's responsibilities
as Managing Director.                                                           

MAJOR NEAR-TERM RISKS AND UNCERTAINTIES                                         

The most significant near-term business risks are related to market demand. Raw 
material price, energy cost and other cost increases may put pressure on        
profitability. Currency rate changes, and further intensified price competition 
may also have a negative effect on the result. The cost and poor availability of
bank financing may weaken the demand in Exel Composites' market and may increase
the credit loss risks and have an effect on the Exel Group.                     

OUTLOOK                                                                         

The challenging market conditions are expected to continue also during the rest 
of the year affecting net sales and profitability during the fourth quarter.    
However, Exel's contingency plans are in place to address the risk of further   
market decline and we are prepared to take prompt actions if necessary.         

Even though the short-term market outlook is challenging, the long-term growth  
opportunities still remain favorable. Exel will continue to have a strong focus 
to drive sales to current and new customers, as well as to pursue bolt-on       
acquisition opportunities. Exel is a leading, international pultrusion Group    
with a strong financial position and well poised to consolidate its position in 
the pultrusion market.                                                          

NEWS CONFERENCE                                                                 

A news conference for investment analysts and the press will be held today 29   
October 2009 at 12.30 pm in the Pavilion Cabinet of Scandic Hotel Simonkenttä at
Simonkatu 9, Helsinki, Finland.                                                 



Vantaa, 29 October 2009                                                         


EXEL COMPOSITES PLC		Vesa Korpimies                                             
Board of Directors		President and CEO                                           


It should be noted that certain statements herein which are not historical      
facts, including, without limitation, those regarding expectations for general  
economic development and the market situation, expectations for company growth, 
development and profitability, and statements preceded by “expects” or          
“estimates” or similar expressions, are forward-looking statements. These       
statements are based on current decisions and plans and currently known facts.  
They involve risks and uncertainties which may cause the actual results to      
materially differ from the results currently expected by the company.           


Further information:                                                            
Vesa Korpimies, President and CEO, Exel Composites Plc, tel. +358 50 590 6754,  
or email vesa.korpimies@exelcomposites.com                                      
Ilkka Silvanto, CFO, Exel Composites Plc, tel. +358 50 598 9553, or email       
ilkka.silvanto@exelcomposites.com                                               



DISTRIBUTION                                                                    
NASDAQ OMX Helsinki Ltd.                                                        
Main news media                                                                 
www.exelcomposites.com                                                          


EXEL COMPOSITES IN BRIEF                                                        
Exel Composites (www.exelcomposites.com) is a technology company which designs, 
manufactures and markets composite profiles and tubes for industrial            
applications. The Group is the leading composite profile manufacturer in the    
world and concentrates on growing niche segments.                               

The core of the operations is based on own, internally developed composite      
technology, product range based on it and a 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 the Small Cap segment of NASDAQ OMX      
Helsinki Ltd.                                                                   


CONDENSED CONSOLIDATED INCOME STATEMENT                                         
(unaudited)                                                                     

--------------------------------------------------------------------------------
|       EUR | 1.7. - |  1.7.- | Change | 1.1. - |  1.1. - | Change |   1.1. -  |
|  thousand |  30.9. |  30.9. |    , % |  30.9. |   30.9. |    , % |    31.12. |
|           |   2009 |   2008 |        |   2009 |    2008 |        |      2008 |
--------------------------------------------------------------------------------
| Continuin |        |        |        |        |         |        |           |
| g         |        |        |        |        |         |        |           |
| operation |        |        |        |        |         |        |           |
| s         |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
| Net sales |  15942 |  21111 |  -24.5 |  53757 |   64467 |  -16.6 |     84921 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Materials |  -6702 |  -9008 |  -25.6 | -22038 |  -25753 |  -14.4 |    -34576 |
| and       |        |        |        |        |         |        |           |
| services  |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
| Employee  |  -4332 |  -5252 |  -17.5 | -13922 |  -16368 |  -14.9 |    -20650 |
| benefit   |        |        |        |        |         |        |           |
| expenses  |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
| Depreciat |   -748 |   -884 |  -15.4 |  -2316 |   -3147 |  -26.4 |     -3967 |
| i-on and  |        |        |        |        |         |        |           |
| impairmen |        |        |        |        |         |        |           |
| t         |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
| Other     |  -3101 |  -4193 |  -26.0 | -10779 |  -12825 |  -16.0 |    -17417 |
| operating |        |        |        |        |         |        |           |
| expenses  |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
| Other     |    180 |     11 | 1536.4 |    928 |      53 | 1650.9 |       281 |
| operating |        |        |        |        |         |        |           |
| income    |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Operating |   1239 |   1785 |  -30.6 |   5629 |    6425 |  -12.4 |      8593 |
| profit    |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net       |   -288 |  -1328 |  -78.3 |    -50 |   -1859 |  -97.3 |     -3003 |
| financial |        |        |        |        |         |        |           |
| items     |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit    |    951 |    456 |  108.6 |   5579 |    4567 |   22.2 |      5590 |
| before    |        |        |        |        |         |        |           |
| tax       |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Income    |   -252 |    -88 |  186.4 |  -1475 |   -1153 |   27.9 |     -1554 |
| taxes     |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit/lo |    699 |    368 |   89.9 |   4105 |    3414 |   20.2 |      4036 |
| ss for    |        |        |        |        |         |        |           |
| the       |        |        |        |        |         |        |           |
| period    |        |        |        |        |         |        |           |
| from      |        |        |        |        |         |        |           |
| continuin |        |        |        |        |         |        |           |
| g         |        |        |        |        |         |        |           |
| operation |        |        |        |        |         |        |           |
| s         |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Discon-ti |        |        |        |        |         |        |           |
| nued      |        |        |        |        |         |        |           |
| operation |        |        |        |        |         |        |           |
| s         |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
| Profit/lo |     97 |    482 |  -79.9 |    310 |   -6236 |  105.0 |     -6992 |
| ss for    |        |        |        |        |         |        |           |
| the       |        |        |        |        |         |        |           |
| period    |        |        |        |        |         |        |           |
| from      |        |        |        |        |         |        |           |
| disconti- |        |        |        |        |         |        |           |
| nuing     |        |        |        |        |         |        |           |
| operation |        |        |        |        |         |        |           |
| s         |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit/lo |    796 |    850 |   -6.4 |   4415 |   -2823 |  256.4 |     -2956 |
| ss for    |        |        |        |        |         |        |           |
| the       |        |        |        |        |         |        |           |
| period    |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Other     |        |        |        |        |         |        |           |
| comprehen |        |        |        |        |         |        |           |
| sive      |        |        |        |        |         |        |           |
| income:   |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Exchange  |    -42 |    263 | -116.0 |   1621 |     -32 | 5165.6 |     -1513 |
| differenc |        |        |        |        |         |        |           |
| es on     |        |        |        |        |         |        |           |
| translati |        |        |        |        |         |        |           |
| ng        |        |        |        |        |         |        |           |
| foreign   |        |        |        |        |         |        |           |
| operation |        |        |        |        |         |        |           |
| s         |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
| Income    |      0 |      0 |    0.0 |      0 |       0 |    0.0 |         0 |
| tax       |        |        |        |        |         |        |           |
| relating  |        |        |        |        |         |        |           |
| to        |        |        |        |        |         |        |           |
| component |        |        |        |        |         |        |           |
| s of      |        |        |        |        |         |        |           |
| other     |        |        |        |        |         |        |           |
| comprehen |        |        |        |        |         |        |           |
| -sive     |        |        |        |        |         |        |           |
| income    |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Other     |    -42 |    263 | -116.0 |   1621 |     -32 | 5165.6 |     -1513 |
| comprehen |        |        |        |        |         |        |           |
| -sive     |        |        |        |        |         |        |           |
| income,   |        |        |        |        |         |        |           |
| net of    |        |        |        |        |         |        |           |
| tax       |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
| Total     |    754 |   1114 |  -32.3 |   6036 |   -2854 |  311.5 |     -4469 |
| comprehen |        |        |        |        |         |        |           |
| sive      |        |        |        |        |         |        |           |
| income    |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit/lo |        |        |        |        |         |        |           |
| ss        |        |        |        |        |         |        |           |
| attributa |        |        |        |        |         |        |           |
| -ble to:  |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
| Equity    |    796 |    850 |   -6.4 |   4415 |   -2823 |  256.4 |     -2956 |
| holders   |        |        |        |        |         |        |           |
| of the    |        |        |        |        |         |        |           |
| parent    |        |        |        |        |         |        |           |
| company   |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
| Minority  |      0 |      0 |    0.0 |      0 |       0 |    0.0 |         0 |
| interest  |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Comprehen |        |        |        |        |         |        |           |
| -sive     |        |        |        |        |         |        |           |
| income    |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
| attribu-t |        |        |        |        |         |        |           |
| able to:  |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
| Equity    |    754 |    114 |  -32.3 |   6036 |   -2854 |  311.5 |     -4469 |
| holders   |        |        |        |        |         |        |           |
| of the    |        |        |        |        |         |        |           |
| parent    |        |        |        |        |         |        |           |
| company   |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
| Minority  |      0 |      0 |        |      0 |       0 |        |         0 |
| interest  |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings  |        |        |        |        |         |        |           |
| per       |        |        |        |        |         |        |           |
| share,    |        |        |        |        |         |        |           |
| diluted   |        |        |        |        |         |        |           |
| and       |        |        |        |        |         |        |           |
| undiluted |        |        |        |        |         |        |           |
| , EUR     |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
| From      |   0.06 |   0.03 |        |   0.35 |    0.29 |        |      0.34 |
| continuin |        |        |        |        |         |        |           |
| g         |        |        |        |        |         |        |           |
| operation |        |        |        |        |         |        |           |
| s         |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
| From      |   0.01 |   0.04 |        |   0.03 |   -0.52 |        |     -0.59 |
| disconti- |        |        |        |        |         |        |           |
| nued      |        |        |        |        |         |        |           |
| operation |        |        |        |        |         |        |           |
| s         |        |        |        |        |         |        |           |
--------------------------------------------------------------------------------
| Total     |   0.07 |   0.07 |        |   0.37 |   -0.24 |        |     -0.25 |
--------------------------------------------------------------------------------


CONDENSED CONSOLIDATED BALANCE SHEET                                            

--------------------------------------------------------------------------------
| EUR thousand            |   30.9.2009 |  30.9.2008 |    Change |  31.12.2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| ASSETS                  |             |            |           |             |
--------------------------------------------------------------------------------
| Non-current assets      |             |            |           |             |
--------------------------------------------------------------------------------
| Goodwill                |       9,698 |      9,224 |       474 |       8,362 |
--------------------------------------------------------------------------------
| Other intangible assets |       2,497 |      2,772 |      -275 |       2,514 |
--------------------------------------------------------------------------------
| Tangible assets         |      10,981 |     12,271 |    -1,290 |      11,823 |
--------------------------------------------------------------------------------
| Deferred tax assets     |       3,288 |      4,447 |    -1,159 |       3,207 |
--------------------------------------------------------------------------------
| Other non-current       |          62 |         70 |        -8 |          68 |
| assets                  |             |            |           |             |
--------------------------------------------------------------------------------
| Non-current assets      |      26,525 |     28,783 |    -2,258 |      25,975 |
| total                   |             |            |           |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current assets          |             |            |           |             |
--------------------------------------------------------------------------------
| Inventories             |      10,040 |     16,470 |    -6,430 |      12,408 |
--------------------------------------------------------------------------------
| Trade and other         |      13,250 |     16,777 |    -3,527 |      12,856 |
| receivables             |             |            |           |             |
--------------------------------------------------------------------------------
| Other liquid assets     |           0 |          0 |         0 |           0 |
--------------------------------------------------------------------------------
| Cash at bank and in     |       8,767 |      6,115 |     2,652 |       8,035 |
| hand                    |             |            |           |             |
--------------------------------------------------------------------------------
| Current assets total    |      32,057 |     39,362 |    -7,305 |      33,300 |
--------------------------------------------------------------------------------
| Non-current assets held |           0 |          0 |         0 |           0 |
| for sale                |             |            |           |             |
--------------------------------------------------------------------------------
| Total assets            |      58,582 |     68,146 |    -9,564 |      59,275 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| EQUITY AND LIABILITIES  |             |            |           |             |
--------------------------------------------------------------------------------
| Shareholders´ equity    |             |            |           |             |
--------------------------------------------------------------------------------
| Share capital           |       2,141 |      2,141 |         0 |       2,141 |
--------------------------------------------------------------------------------
| Share premium reserve   |           0 |          0 |         0 |           0 |
--------------------------------------------------------------------------------
| Other reserves          |           5 |          5 |         0 |           5 |
--------------------------------------------------------------------------------
| Invested unrestricted   |       8,488 |      8,488 |         0 |       8,488 |
| equity fund             |             |            |           |             |
--------------------------------------------------------------------------------
| Translation differences |        -772 |       -935 |       163 |      -2,393 |
--------------------------------------------------------------------------------
| Retained earnings       |       8,440 |     11,400 |    -2,960 |      11,395 |
--------------------------------------------------------------------------------
| Profit for the period   |       4,415 |     -2,823 |     7,238 |      -2,956 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total equity            |      22,717 |     18,277 |     4,440 |      16,680 |
| attributable to equity  |             |            |           |             |
| holders of the parent   |             |            |           |             |
| company                 |             |            |           |             |
--------------------------------------------------------------------------------
| Minority share          |           0 |          0 |         0 |           0 |
--------------------------------------------------------------------------------
| Total equity            |      22,717 |     18,277 |     4,440 |      16,680 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Non-current liabilities |             |            |           |             |
--------------------------------------------------------------------------------
| Interest-bearing        |      16,329 |     23,070 |    -6,741 |      22,057 |
| liabilities             |             |            |           |             |
--------------------------------------------------------------------------------
| Interest-free           |         389 |          0 |       389 |         348 |
| liabilities             |             |            |           |             |
--------------------------------------------------------------------------------
| Deferred tax            |         342 |        927 |      -585 |         353 |
| liabilities             |             |            |           |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current liabilities     |             |            |           |             |
--------------------------------------------------------------------------------
| Interest-bearing        |       4,210 |      9,411 |    -5,201 |       6,648 |
| liabilities             |             |            |           |             |
--------------------------------------------------------------------------------
| Trade and other         |      14,596 |     16,461 |    -1,865 |      13,188 |
| non-current liabilities |             |            |           |             |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total liabilities       |      35,866 |     49,869 |   -14,003 |      42,594 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Total equity and        |      58,582 |     68,146 |    -9,564 |      59,275 |
| liabilities             |             |            |           |             |
--------------------------------------------------------------------------------


STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY                                    

--------------------------------------------------------------------------------
| EUR      | Share | Share | Othe | Invest | Transl | Retain | Minori |  Total |
| thousand | Capit | Premi |    r |     ed |  ation |     ed |     ty |        |
|          |    al |    um | Rese | Unrest | Differ | Earnin | Intere |        |
|          |       | Reser | rves | ricted |  ences |     gs |     st |        |
|          |       |    ve |      | Equity |        |        |        |        |
|          |       |       |      |   Fund |        |        |        |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Balance  | 2,141 | 8,488 |    5 |      0 |   -880 | 13,780 |      0 | 23,533 |
| at 1     |       |       |      |        |        |        |        |        |
| January  |       |       |      |        |        |        |        |        |
| 2008     |       |       |      |        |        |        |        |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Comprehe |     0 |     0 |    0 |      0 |    -55 | -2,823 |      0 | -2,878 |
| n-sive   |       |       |      |        |        |        |        |        |
| result   |       |       |      |        |        |        |        |        |
--------------------------------------------------------------------------------
| Dividend |       |       |      |        |        | -2,379 |        | -2,379 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Balance  | 2,141 | 8,488 |    5 |      0 |   -935 |  8,578 |      0 | 18,277 |
| at 30    |       |       |      |        |        |        |        |        |
| Septembe |       |       |      |        |        |        |        |        |
| r 2008   |       |       |      |        |        |        |        |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Balance  | 2,141 |     0 |    5 |  8,488 | -2,393 |  8,440 |      0 | 16,680 |
| at 1st   |       |       |      |        |        |        |        |        |
| January  |       |       |      |        |        |        |        |        |
| 2009     |       |       |      |        |        |        |        |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Comprehe |     0 |     0 |    0 |      0 |  1,621 |  4,415 |      0 |  5,280 |
| n-sive   |       |       |      |        |        |        |        |        |
| result   |       |       |      |        |        |        |        |        |
--------------------------------------------------------------------------------
| Dividend |       |       |      |        |        |      0 |        |      0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Balance  | 2,141 |     0 |    5 |  8,488 |   -772 | 12,639 |      0 | 22,717 |
| at 30    |       |       |      |        |        |        |        |        |
| Septembe |       |       |      |        |        |        |        |        |
| r 2009   |       |       |      |        |        |        |        |        |
--------------------------------------------------------------------------------


CONDENSED CONSOLIDATED CASH FLOW STATEMENT                                      

--------------------------------------------------------------------------------
| EUR thousand                 |   1.1. - |    1.1. - |    Change |     1.1. - |
|                              |    30.9. |     30.9. |           |     31.12. |
|                              |     2009 |      2008 |           |       2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash Flow from Operating Activities     |           |           |            |
--------------------------------------------------------------------------------
| Profit for the period        |    4,415 |    -2,823 |     7,238 |     -2,956 |
--------------------------------------------------------------------------------
| Adjustments                  |    2,994 |     3,930 |      -936 |      6,182 |
--------------------------------------------------------------------------------
| Change in working capital    |    1,486 |     6,770 |    -5,284 |     11,815 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash Flow Generated by       |    8,895 |     7,877 |     1,018 |     15,041 |
| Operations                   |          |           |           |            |
--------------------------------------------------------------------------------
| Interest paid                |     -822 |    -1,454 |       632 |     -1,876 |
--------------------------------------------------------------------------------
| Interest received            |      136 |        93 |        43 |        259 |
--------------------------------------------------------------------------------
| Other financial items        |      743 |      -251 |       994 |       -763 |
--------------------------------------------------------------------------------
| Income taxes paid            |     -364 |    -1,360 |       996 |     -1,572 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net Cash Flow from Operating |    8,588 |     4,905 |     3,683 |     11,089 |
| Activities                   |          |           |           |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash Flow from Investing Activities     |           |           |            |
--------------------------------------------------------------------------------
| Acquisitions                 |        0 |         0 |         0 |          0 |
--------------------------------------------------------------------------------
| Disposal of business         |    1,000 |        25 |       975 |         25 |
--------------------------------------------------------------------------------
| Capital expenditure          |   -1,080 |      -979 |      -101 |     -1,765 |
--------------------------------------------------------------------------------
| Proceeds from sale of fixed  |      410 |        60 |       350 |         90 |
| assets                       |          |           |           |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash Flow from Investing     |      330 |      -894 |     1,224 |     -1,650 |
| Activities                   |          |           |           |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash Flow from Financing     |          |           |           |            |
--------------------------------------------------------------------------------
| Share issue                  |        0 |         0 |         0 |          0 |
--------------------------------------------------------------------------------
| Proceeds from long-term      |        0 |    10,000 |   -10,000 |     10,000 |
| borrowings                   |          |           |           |            |
--------------------------------------------------------------------------------
| Instalments of long-term     |   -7,623 |    -8,315 |       692 |     -8,973 |
| borrowings                   |          |           |           |            |
--------------------------------------------------------------------------------
| Change in short-term loans   |     -264 |    -1,811 |     1,547 |     -4,563 |
--------------------------------------------------------------------------------
| Instalments of finance lease |     -299 |      -292 |        -7 |       -390 |
| liabilities                  |          |           |           |            |
--------------------------------------------------------------------------------
| Dividends paid               |        0 |    -2,379 |     2,379 |     -2,379 |
--------------------------------------------------------------------------------
| Net Cash Flow from Financing |   -8,186 |    -2,797 |    -5,389 |     -6,305 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Change in Liquid Funds       |      732 |     1,214 |      -482 |      3,134 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Liquid funds in the          |    8,035 |     4,901 |     3,134 |      4,901 |
| beginning of period          |          |           |           |            |
--------------------------------------------------------------------------------
| Change in liquid funds       |      732 |     1,214 |      -482 |      3,134 |
--------------------------------------------------------------------------------
| Liquid funds at the end of   |    8,767 |     6,115 |     2,652 |      8,035 |
| period                       |          |           |           |            |
--------------------------------------------------------------------------------


QUARTERLY KEY FIGURES                                                           

--------------------------------------------------------------------------------
| EUR thousand  |    III/ |     II/ |      I/ |   IV/ |   III/ |   II/ |    I/ |
|               |    2009 |    2009 |    2009 |  2008 |   2008 |  2008 |  2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Continuing    |         |         |         |       |        |       |       |
| operations    |         |         |         |       |        |       |       |
--------------------------------------------------------------------------------
| Net sales     |  15,942 |  19,285 |  18,530 | 20,45 | 21,111 | 22,44 | 20,90 |
|               |         |         |         |     4 |        |     9 |     7 |
--------------------------------------------------------------------------------
| Materials and |  -6,702 |  -7,988 |  -7,347 | -8,82 | -9,008 | -8,55 | -8,18 |
| services      |         |         |         |     2 |        |     9 |     6 |
--------------------------------------------------------------------------------
| Employee      |  -4,332 |  -4,763 |  -4,827 | -4,28 | -5,252 | -5,39 | -5,72 |
| benefit       |         |         |         |     2 |        |     3 |     3 |
| expenses      |         |         |         |       |        |       |       |
--------------------------------------------------------------------------------
| Depreciation  |    -748 |    -748 |    -820 |  -819 |   -884 | -1,36 |  -901 |
| and           |         |         |         |       |        |     2 |       |
| impairment    |         |         |         |       |        |       |       |
--------------------------------------------------------------------------------
| Operating     |  -3,101 |  -3,843 |  -3,836 | -4,59 | -4,193 | -5,22 | -3,41 |
| expenses      |         |         |         |     1 |        |     0 |     3 |
--------------------------------------------------------------------------------
| Other         |     180 |     448 |     300 |   229 |     11 |    32 |    10 |
| operating     |         |         |         |       |        |       |       |
| income        |         |         |         |       |        |       |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Operating     |   1,239 |   2,390 |   2,001 | 2,168 |  1,785 | 1,947 | 2,694 |
| profit        |         |         |         |       |        |       |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net financial |    -288 |     185 |      53 | -1,14 | -1,328 |   606 | -1,13 |
| items         |         |         |         |     5 |        |       |     7 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit before |     951 |   2,575 |   2,054 | 1,023 |    456 | 2,553 | 1,558 |
| taxes         |         |         |         |       |        |       |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Income taxes  |    -252 |    -693 |    -530 |  -401 |    -88 |  -655 |  -410 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit/loss   |     699 |   1,882 |   1,524 |   622 |    368 | 1,898 | 1,148 |
| for the       |         |         |         |       |        |       |       |
| period from   |         |         |         |       |        |       |       |
| continuing    |         |         |         |       |        |       |       |
| operations    |         |         |         |       |        |       |       |
--------------------------------------------------------------------------------
| Profit/loss   |      97 |      80 |     133 |  -755 |    482 | -5,47 | -1,24 |
| for the       |         |         |         |       |        |     8 |     1 |
| period from   |         |         |         |       |        |       |       |
| discontinuing |         |         |         |       |        |       |       |
| activities    |         |         |         |       |        |       |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Profit/loss   |     796 |   1,962 |   1,658 |  -133 |    850 | -3,58 |   -92 |
| for the       |         |         |         |       |        |     0 |       |
| period        |         |         |         |       |        |       |       |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per  |    0.07 |    0.16 |    0.14 | -0.01 |   0.07 | -0.30 | -0.01 |
| share, EUR    |         |         |         |       |        |       |       |
--------------------------------------------------------------------------------
| Earnings per  |    0.07 |    0.16 |    0.14 | -0.01 |   0.07 | -0.30 | -0.01 |
| share, EUR,   |         |         |         |       |        |       |       |
| diluted       |         |         |         |       |        |       |       |
--------------------------------------------------------------------------------
| Average       |         |         |         |       |        |       |       |
| number of     |         |         |         |       |        |       |       |
| shares,       |         |         |         |       |        |       |       |
| undiluted,    |         |         |         |       |        |       |       |
--------------------------------------------------------------------------------
| 1,000 shares  |  11,897 |  11,897 |  11,897 | 11,89 | 11,897 | 11,89 | 11,89 |
|               |         |         |         |     7 |        |     7 |     7 |
--------------------------------------------------------------------------------
| Average       |         |         |         |       |        |       |       |
| number of     |         |         |         |       |        |       |       |
| shares,       |         |         |         |       |        |       |       |
| diluted,      |         |         |         |       |        |       |       |
--------------------------------------------------------------------------------
| 1,000 shares  |  11,897 |  11,897 |  11,897 | 11,89 | 11,897 | 11,89 | 11,89 |
|               |         |         |         |     7 |        |     7 |     7 |
--------------------------------------------------------------------------------
| Average       |     425 |     452 |     461 |   480 |    499 |   556 |   570 |
| number of     |         |         |         |       |        |       |       |
| personnel     |         |         |         |       |        |       |       |
--------------------------------------------------------------------------------


COMMITMENTS AND CONTINGENCIES                                                   

--------------------------------------------------------------------------------
| EUR thousand                   |    30.9.2009 |    30.9.2008 |    31.12.2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| On own behalf                  |              |              |               |
--------------------------------------------------------------------------------
| Mortgages                      |        2,783 |        2,783 |         2,783 |
--------------------------------------------------------------------------------
| Corporate mortgages            |       12,500 |       12,500 |        12,500 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Lease liabilities              |              |              |               |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|   -  in next 12 months         |          554 |          424 |           492 |
--------------------------------------------------------------------------------
|   -  in next 1-5 years         |        1,403 |        1,577 |         1,756 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Other commitments              |          157 |          165 |            92 |
--------------------------------------------------------------------------------


DERIVATIVE FINANCIAL INSTRUMENTS                                                

--------------------------------------------------------------------------------
| Nominal values                  |   30.9.2009 |    30.9.2008 |    31.12.2008 |
| EUR thousand                    |             |              |               |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Foreign exchange derivatives    |             |              |               |
--------------------------------------------------------------------------------
| Forward contracts               |         689 |        1,727 |         1,770 |
--------------------------------------------------------------------------------
| Purchased currency options      |           0 |        1,418 |             0 |
--------------------------------------------------------------------------------
| Sold currency options           |           0 |          709 |             0 |
--------------------------------------------------------------------------------
| Currency swaps                  |           0 |            0 |             0 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Interest rate derivatives       |             |              |               |
--------------------------------------------------------------------------------
| Interest rate swaps             |       9,286 |       10,167 |         9,810 |
--------------------------------------------------------------------------------
| Purchased interest rate options |             |        3,500 |         3,500 |
--------------------------------------------------------------------------------


CONSOLIDATED KEY FIGURES                                                        

--------------------------------------------------------------------------------
| EUR thousand                 |   1.1. - |    1.1. - | Change, % |     1.1. - |
|                              |    30.9. |     30.9. |           |     31.12. |
|                              |     2009 |      2008 |           |       2008 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Continuing operations        |          |           |           |            |
--------------------------------------------------------------------------------
| Net sales                    |   53,757 |    64,467 |     -16.6 |     84,921 |
--------------------------------------------------------------------------------
| Operating profit             |    5,630 |     6,425 |     -12.4 |      8,593 |
--------------------------------------------------------------------------------
| % of net sales               |     10.5 |      10.0 |           |       10.1 |
--------------------------------------------------------------------------------
| Profit before tax            |    5,580 |     4,567 |      22.2 |      5,590 |
--------------------------------------------------------------------------------
| % of net sales               |     10.4 |       7.1 |           |        6.6 |
--------------------------------------------------------------------------------
| Profit for the period        |    4,105 |     3,414 |      20.2 |      4,036 |
--------------------------------------------------------------------------------
| % of net sales               |      7.6 |       5.3 |           |        4.8 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Shareholders´ equity         |   22,717 |    18.277 |      24.3 |     16,680 |
--------------------------------------------------------------------------------
| Interest-bearing liabilities |   20,539 |    32.481 |     -36.8 |     28,706 |
--------------------------------------------------------------------------------
| Cash and cash equivalents    |    8,767 |     6,115 |      43.4 |      8,035 |
--------------------------------------------------------------------------------
| Net interest-bearing         |   11,772 |    26,366 |     -55.4 |     20,671 |
| liabilities                  |          |           |           |            |
--------------------------------------------------------------------------------
| Capital employed             |   43,255 |    50,758 |     -14.8 |     45,386 |
--------------------------------------------------------------------------------
| Return on equity, %          |     29.9 |     -18.0 |           |      -14.7 |
--------------------------------------------------------------------------------
| Return on capital employed,  |     18.4 |      -4.0 |           |        0.0 |
| %                            |          |           |           |            |
--------------------------------------------------------------------------------
| Equity ratio, %              |     38.8 |      26.8 |           |       28.2 |
--------------------------------------------------------------------------------
| Net gearing, %               |     51.8 |     144.3 |           |      123.9 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Capital expenditure          |    1,080 |       979 |      10.3 |      1,765 |
--------------------------------------------------------------------------------
| % of sales                   |      2.0 |       1.5 |           |        2.1 |
--------------------------------------------------------------------------------
| Research and development     |    1,158 |     1,589 |     -27.1 |      1,918 |
| costs                        |          |           |           |            |
--------------------------------------------------------------------------------
| % of net sales               |      2.2 |       2.5 |           |        2.3 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Order stock                  |   10,123 |    12,292 |     -17.6 |     11,650 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Earnings per share, EUR      |     0.37 |     -0.24 |    -256.4 |      -0.25 |
--------------------------------------------------------------------------------
| Earnings per share, EUR,     |     0.37 |     -0.24 |    -256.4 |      -0.25 |
| diluted                      |          |           |           |            |
--------------------------------------------------------------------------------
| Equity per share, EUR        |     1.91 |      1.54 |      24.0 |       1.40 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Average number of shares     |          |           |           |            |
--------------------------------------------------------------------------------
|  - cumulative                |   11,897 |    11,897 |       0.0 |     11,897 |
--------------------------------------------------------------------------------
|  - cumulative, diluted       |   11,897 |    11,897 |       0.0 |     11,897 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Average number of employees  |      443 |       542 |     -18.3 |        527 |
--------------------------------------------------------------------------------

About Us

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.

Subscribe

Documents & Links