Exel Composites: Profitability above estimates - Evli

Exel’s Q1 report showed the company is making progress in the US as the unit was back to black. Exel’s adjusted operating margin was considerably above our estimate even though there were certain other factors, namely product mix and higher variable costs, which negatively affected profit.

Länk till analysen i sin helhet: https://www.evli.com/hubfs/ERP/Raportit/Exel%20Composites/Exel%20Composites%20220429%20Earnings%20flash.pdf