Exel Interim Report for 1 January - 30 June 2007

EXEL INTERIM REPORT FOR 1 JANUARY – 30 JUNE 2007

Summary

Group:
- Net sales in the first six months rose to EUR 57.5 million, up 7.5 per cent over the corresponding period previous year
- Net sales in the second quarter were EUR 28.7 (27.9) million
- Operating profit in the first six months was EUR 6.2 (0.8) million or 10.8 (1.4) per cent of net sales
- Operating profit in the second quarter was EUR 2.7 (0.2) million or 9.3 (0.6) per cent of net sales
- Earnings per share in the first six months were EUR 0.36 (0.03), adjusted for full dilution
- New management organization announced

Industry
- Continued slow sales of antenna profiles
- Good development in other industrial segments
- Signs of improved carbon fibre supply situation
- Continued positive effects of the Pacific Composites integration

Sport
- Lower than anticipated sales and increased costs mainly due to sourcing problems

The Interim Report can be read in its entirety in the attached PDF file.

Further information:
Mr. Göran Jönsson, President & CEO, tel. +46 708 430 110, or email goran.jonsson@exel.fi
Mr. Ilkka Silvanto, CFO, tel. +358 50 598 9553, or email ilkka.silvanto@exel.fi