Manufacturing Industry
Exel Oyj Issues 1st Qtr 2004 Report.
Advanced Materials & Composites News, May, 2004
April 23. 2004 - Exel Oyj today issued an interim report for the company's first quarter. Features of the report: - Very strong sales growth continues in both divisions; net sales for the first quarter grew by 67% to EUR 20.5 million (EUR 12.3 million). - This growth was driven by the expansion of Nordic Walking in Central Europe, the acquisition of Bekaert's pultrusion operations, and strong demand for specialty profiles.
- Operating profit grew by 392% to EUR 2.1 million (EUR 0.4 million). - The markets for Nordic Walking and specialty profiles continue to look strong in the near term. Despite weak general economic growth in Exel's main market areas in Central Europe, demand for our specialty products, particularly carbon fibre profiles and products under...
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