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Exel Composites: Results still softer than expected - Evli

Exel’s Q1 results landed below estimates. Demand shows some signs of improvement, but H1’24 results will remain quite soft. Exel retains its previous guidance as H2 should be better. The company also plans to issue up to EUR 23m of new shares.

Exel’s Q1 results landed below estimates. Demand shows some signs of improvement, but H1’24 results will remain quite soft. Exel retains its previous guidance as H2 should be better. The company also plans to issue up to EUR 23m of new shares.
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