Exel Composites Oyj
Exel Composites is a leading manufacturer of composite profiles and tubes, utilizing advanced pultrusion and pullwinding technologies. The company is recognized as a forerunner in pultrusion technology within the global composite market. Exel Composites' innovative solutions cater to diverse industries, including wind power, transportation, and infrastructure, supporting clients worldwide. Headquartered in Finland, the company employs over 600 professionals and is listed on Nasdaq Helsinki.
Fiscal year 2025 · change from previous year
Development 2021–2025
Business
Share of revenueIncludes profiles made using pultrusion and pullwinding technologies.
Composite solutions for wind power applications.
Composite products for the transportation industry.
Composite solutions for construction and infrastructure.
Customers
Exel Composites serves a diverse range of industries, providing advanced composite solutions that enhance performance and efficiency. Key customer segments include the wind power sector, transportation industry, and building and infrastructure markets. These customers choose Exel for its innovative technology and ability to deliver lightweight, durable, and energy-efficient products. The company's solutions help clients reduce lifecycle costs and improve sustainability, making it a preferred partner for forward-thinking industries.
Purchases composite solutions for turbine components to enhance efficiency.
Uses lightweight composites to improve vehicle performance and fuel efficiency.
Adopts composite materials for sustainable construction projects.
Strategy
Exel Composites' strategic priorities focus on optimizing its manufacturing network and expanding its presence in high-growth markets. The company aims to exceed EUR 200 million in annual revenue by 2028, with an operating profit margin above 10%. Recent strategic actions include closing loss-making facilities and opening new ones in key regions like India. The company also emphasizes R&D and collaboration to maintain its technological edge and meet evolving customer needs.
To improve efficiency and align with market demand.
To capture emerging opportunities and drive revenue growth.
Geography
Exel Composites operates globally, with a strong presence in Europe, Asia, and North America. The company's headquarters are in Finland, and it has manufacturing facilities strategically located to serve key markets. Recent expansions include a new factory in India to support the growing wind power industry. The closure of the Belgium factory was part of a strategic realignment to optimize production capabilities and meet market demands.
Risks
Exel Composites faces risks related to global market demand fluctuations and geopolitical uncertainties. The closure of its Belgium factory poses challenges in maintaining supply continuity. Additionally, the company must navigate potential impacts from geopolitical tensions and economic policies affecting transportation costs and tariffs. Cybersecurity threats, as evidenced by a recent data breach, also present reputational risks.
- Market Demand FluctuationsImpact: HighLikelihood: High
Changes in customer preferences and economic conditions.
- Geopolitical TensionsImpact: MediumLikelihood: Medium
Affect transportation costs and availability.
- Cybersecurity ThreatsImpact: MediumLikelihood: Medium
Potential data breaches affecting reputation.
Accounting
Judgemental itemsAffects timing and amount of reported revenue.
Impact: high
Involves significant judgment in accounting for closures.
Impact: medium
Similar listed companies
Publicly listed companies with a comparable business focus.
Volvo
VOLV-B · Industrials
Volvo Car Group, headquartered in Gothenburg, Sweden, is a prominent player in the automotive industry, focusing on the design, development, manufacturing, and sale of premium cars.
HEXPOL B
HPOL-B · Basic Materials
HEXPOL is a global leader in the polymers industry, specializing in advanced polymer compounds, gaskets for plate heat exchangers, and wheels made of polymer materials.
Trelleborg
TREL-B · Industrials
Trelleborg Group is a global leader in engineered polymer solutions, with a strong presence in industries such as aerospace, automotive, and healthcare.
Hexcel Corporation
HXL · Plastic Materials, Synth Resins & Nonvulcan Elastomers
Hexcel Corp.
Stora Enso Oyj
STERV · Paper & Paper Products
Stora Enso is a global provider of renewable solutions in packaging, biomaterials, and wooden construction, leveraging its extensive forest assets.
Exelon Corporation
EXC · Electric & Other Services Combined
Exelon Corp is a U.S.
Last updated: 24/09/2026