# Exel Composites Oyj > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/en/companies/exelcomposites). ## Overview 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. ## Products & services • Composite profiles and tubes • Pultrusion technology solutions • Pullwinding technology solutions • Wind power applications • Transportation industry solutions • Building and infrastructure solutions - **Composite Profiles** (40%) — Includes profiles made using pultrusion and pullwinding technologies. - **Wind Power Solutions** (25%) — Composite solutions for wind power applications. - **Transportation Solutions** (15%) — Composite products for the transportation industry. - **Building and Infrastructure** (20%) — Composite solutions for construction and infrastructure. - Composite profiles and tubes - Pultrusion technology solutions - Pullwinding technology solutions - Wind power applications - Transportation industry solutions - Building and infrastructure solutions ## 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. - **Wind Power** (primary) — Purchases composite solutions for turbine components to enhance efficiency. - **Transportation** (secondary) — Uses lightweight composites to improve vehicle performance and fuel efficiency. - **Building and Infrastructure** (secondary) — Adopts composite materials for sustainable construction projects. - Wind power companies seeking efficient, durable components - Transportation firms needing lightweight, high-performance materials - Construction and infrastructure developers focused on sustainability - Defense industry clients requiring advanced composite applications ## 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. - Headquartered in Finland with global operations - Manufacturing facilities in Europe, Asia, and North America - New factory in India to serve wind power industry - Strategic factory closures to optimize production ## 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. - **Optimize Manufacturing Network** (medium-term) — To improve efficiency and align with market demand. - **Expand in High-Growth Markets** (long-term) — To capture emerging opportunities and drive revenue growth. - Optimize manufacturing network for efficiency - Expand in high-growth markets like India - Focus on R&D and technological advancement - Achieve financial targets by 2028 ## 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 Fluctuations** [high] — Changes in customer preferences and economic conditions. - **Geopolitical Tensions** [medium] — Affect transportation costs and availability. - **Cybersecurity Threats** [medium] — Potential data breaches affecting reputation. - Fluctuations in global market demand - Geopolitical tensions affecting transportation costs - Impact of tariffs on customer orders - Cybersecurity threats and data breaches ## Accounting Exel Composites' financial statements are prepared in accordance with IFRS, requiring significant management judgment and estimates. Revenue recognition, particularly in long-cycle projects, is a critical area that affects financial results. The company must also account for potential fluctuations in transportation costs and tariffs, which can impact cost of goods sold. Additionally, the closure of manufacturing facilities involves accounting for restructuring costs and asset impairments. - **Revenue Recognition** — high - **Restructuring Costs** — medium - Revenue recognition in long-cycle projects - Impact of transportation costs and tariffs on COGS - Accounting for restructuring costs from factory closures - Management judgment in estimates and assumptions --- *Last updated: 2026-08-11T04:04:52.507030+00:00*