Exel Composites: Q2 results clearly above our estimate - Evli

Exel’s Q2 results landed clearly above our estimates as the EUR 26.6m revenue came in 8% higher than we estimated, which also led to the EUR 1.4m adjusted EBIT topping our EUR 0.3m estimate. Customer activity has clearly rebounded from its deepest slump, and the question now is how much further short-term recovery there might be as certain economic uncertainties continue.

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