EXEL OYJ INTERIM REPORT 1 January ? 31 M
EXEL OYJ STOCK EXCHANGE RELEASE 29.4.2004 11:00 AM 1 (8)EXEL OYJ INTERIM REPORT 1 January 31 March 2004 Overview: - Very strong sales growth continues in both divisions; net sales for the first quarter grew by 67% to EUR 20.5 million (EUR 12.3 million). - This growth was driven by the expansion of Nordic Walking in Central Europe, the acquisition of Bekaerts pultrusion operations, and strong demand for specialty profiles. - Operating profit grew by 392% to EUR 2.1 million (EUR 0.4 million). - The markets for Nordic Walking and specialty profiles continue to