Inside information, profit warning: Exel Composites lowers its guidance for the full year 2023 and publishes preliminary information for Q3 2023
EXEL COMPOSITES PLC INSIDE INFORMATION 19 OCTOBER 2023 at 09:00 EETExel Composites lowers its guidance for the full year 2023 for revenue. Guidance for adjusted operating profit remains unchanged. Exel Composites now expects that revenue and adjusted operating profit will decrease significantly in 2023 compared to 2022. Previously Exel Composites expected that revenue in 2023 will decrease and adjusted operating profit will decrease significantly in 2023 compared to 2022. The change in guidance for revenue is due to the continuation of a challenging market