Exel Composites is the world’s leading composite technology company, engineering and manufacturing composite products and solutions to an extensive range of demanding industrial applications.
The business is establishing itself in the green wind power business and serves other sectors such as transportation, building, construction and infrastructure, telecommunication, paper and electrical industries, cleaning and maintenance, sport and leisure industry.
The core of the business is based on its employees’ high level of expertise and its own internally developed composite technologies which have been perfected over decades through commitment to long term innovation.
With nine manufacturing plants across Europe, Asia, and North America, and a global sales network, Exel Composites is firmly driven by superior customer experience and world-class operations.
What are composites?
Composites are fiber-reinforced plastics that gain their undeniable qualities based on low weight, strength and durability in order to meet determined mechanical and chemical conditions.
The main raw materials are fiber reinforcements, such as glass and carbon fibers, and matrix systems, such as polyester, epoxy and vinyl ester resins.
What can we expect from the full year results?
The stock is currently trading at €6,56 within its 52 week range of €3,95 – €6,76.
With full year results due tomorrow (February 18th), Exel Composites confirmed back in November 2019 that it expects its results to be in line with analyst expectations.
Analysts have not raised their targets yet as they await official results and guidance.
Investors should note that the company has two factories in China and their output is around 15% of the turnover. There is a possibility that any mention of COVID-19 and its impact on the business may result in a fall in the share price as investors reduce any Chinese exposure in the wake of the coronavirus.
However, the business generates 60% of its turnover in Europe and a further 25% in North America so we expect and price fall to be short term. Any drop in price may provide a great entry point for new investors.