Exel Composites’ Annual Financial Report 2020 published

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Exel Composites’ Annual Financial Report, Remuneration Report and Corporate Governance Statement for 2020 have been published today. The Annual Financial Report for the period from 1 January to 31 December 2020 includes the Board of Directors’ Report, the review by the President and CEO, the consolidated financial statements, the financial statements of the parent company and the auditor’s report.

Exel Composites’ official consolidated financial statements have been published in accordance with the ESEF-directive in XHTML format including XBRL tags on the primary statements. The audit firm Ernst & Young Oy has issued an independent auditor’s reasonable assurance report on Exel Composites’ ESEF Financial Statements.

The Annual Financial Report, Remuneration Report and Corporate Governance Statement are available at the company’s website on www.exelcomposites.com as well attached to this release.

Vantaa, 2 March 2021

Exel Composites Plc
Riku Kytömäki, President and CEO

For further information, please contact:
Mikko Kettunen, CFO 
tel. +358 50 347 7462 

Nasdaq Helsinki Ltd 
Main news media 

Exel Composites in brief

At Exel Composites, we use over 60 years’ experience to solve challenges and help customers save resources. Our forward-thinking composite solutions made with continuous manufacturing technologies serve customers in a wide range of industries around the world. You can find our products used in applications from wind power and transportation to building and infrastructure.  

Our collaborative approach and global footprint set us apart from our competition. We use our expertise to help customers reduce weight, improve performance and energy efficiency and decrease total lifetime costs. We want to be the first choice for sustainable composite solutions globally. 

Headquartered in Finland, Exel Composites employs approximately 650 forward-thinking professionals around the world and is listed on Nasdaq Helsinki. To find out more about our offering and company please visit www.exelcomposites.com.