Exel Composites Oyj 2021 AR2
The report highlights Exel Composites' performance in 2021, noting a significant increase in revenue to EUR 134.4 million, driven by growth across almost all customer industries, particularly buildings and infrastructure. The company established a key joint venture with Kineco Group in India and commenced production at its new energy-efficient facility in Austria. In sustainability, Exel focused on developing its Group sustainability program, aligning with the EU Taxonomy with 32.6% of revenue being taxonomy-eligible, and joining the KiMuRa recycling project in Finland. However, Group profitability declined due to operational challenges at Exel USA.
Company: Exel Composites Oyj
Sector: Industrials
Country: Finland
Year: 2021
Type: AR2
Pages: 92
Exel Composites Oyj
Annual Financial Report
The report highlights Exel Composites' performance in 2021, noting a significant increase in revenue to EUR 134.4 million, driven by growth across almost all customer industries, particularly buildings and infrastructure. The company established a key joint venture with Kineco Group in India and commenced production at its new energy-efficient facility in Austria. In sustainability, Exel focused on developing its Group sustainability program, aligning with the EU Taxonomy with 32.6% of revenue being taxonomy-eligible, and joining the KiMuRa recycling project in Finland. However, Group profitability declined due to operational challenges at Exel USA.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Energy Consumption
Women in Management
Employees