Exel Composites Oyj Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018; Revises Earnings Guidance for the Full Year of 2018
For the nine months, the company reported revenue was EUR 69,897,000 compared to EUR 63,841,000 a year ago. Operating profit was EUR 3,411,000 compared to EUR 4,693,000 a year ago. Adjusted operating profit was EUR 4,249,000 compared to EUR 4,992,000 a year ago. Profit for the period was EUR 1,992,000 compared to EUR 3,256,000 a year ago. Net cash flow used in operating activities was EUR 334,000 compared to EUR 2,148,000 a year ago. Earnings per share were 0.17 compared to 0.27 a year ago. Return on capital employed 8.7% compared to 15.2% a year ago.
For the full year 2018, Company revised earnings guidance expects revenue to increase and adjusted operating profit to decrease in 2018 compared to 2017.