Insider information, profit warning: Exel Composites lowers its guidance for the full year 2023
EXEL COMPOSITES PLC INSIDE INFORMATION 2 MAY 2023 at 08:45 EETExel Composites lowers its guidance for the full year 2023. Exel Composites expects that revenue will decrease and adjusted operating profit will decrease significantly in 2023 compared to 2022. Previously Exel Composites expected that revenue in 2023 will be at last year’s level and adjusted operating profit will increase compared to 2022. The change in guidance is due to lower-than-expected revenue and adjusted operating profit in the first quarter of 2023 and weaker-than-expected short-term demand outlook. In