Exel Composites Q3 adjusted operating profit more than triples to EUR 3.38 million
Bitget2026/11/04 06:03- Exel Composites’ Q3 2026 adjusted operating profit more than tripled year over year to EUR 3.38 million.
- Revenue climbed 59% to EUR 38.38 million, driven particularly by Energy and defense-related applications.
- Order intake rose 42% to EUR 38.18 million, while the September-end backlog climbed 99% to EUR 97.86 million year over year.
- A new multiyear Suzlon supply agreement for carbon fiber spar caps has a potential value exceeding EUR 100 million.
- Management maintained its outlook for significant revenue and adjusted operating profit growth in 2026, while expecting Q4 growth to moderate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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