Exel Composites' Business Review Q1 2020: Profitability improved; guidance withdrawn due to poor short term predictability
EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE 6 May 2020 at 09:00 EETQ1 2020 in brief · Order intake increased by 22.6% to EUR 34.5 million (Q1 2019: 28.2). · Revenue increased by 2.6% to EUR 27.8 million (27.1). · Adjusted operating profit increased to EUR 2.1 million (2.0), which is 7.5% of revenue (7.2). · Operating profit increased to EUR 1.9 million (0.4), which is 6.7% of revenue (1.5). · Earnings per share amounted to EUR 0.06 (-0.04). Guidance for the full year 2020 (withdrawn) As a consequence of increased uncertainty and poor short term