Exel Composites' Business Review Q1 2022: Group revenue increased and profit turnaround in the USA progressed well
EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE 29 APRIL 2022 at 09:00 EETQ1 2022 in brief · Order intake decreased by 10.5% to EUR 37.6 million (Q1 2021: 42.0). · Revenue increased by 10.3% to EUR 34.2 million (31.0). · Operating profit declined to EUR 0.0 million (2.4), which is 0.1% of revenue (7.8). A one-time cost of EUR 2.1 million related to the factory closing in China was recorded during the quarter. · Adjusted operating profit declined to EUR 2.2 million (2.5), which is 6.4% of revenue (7.9). · Earnings per share amounted to EUR 0.00 (0.17). Guidance for