Exel Composites posts strong Q2 2026 growth, shares surge

Finnish composites manufacturer Exel Composites said on Thursday its second-quarter 2026 revenue and earnings exceeded market forecasts, sending its shares higher.

The company did not provide detailed financial figures in the statement, but said both revenue and profit before interest and taxes (EBIT) were above analyst expectations. The strong performance was attributed to sustained demand across industrial and renewable energy sectors.

Exel Composites’ shares rose as much as 8% in early trading on the Helsinki Stock Exchange, outperforming the broader market. The stock has gained roughly 15% over the past month, reflecting investor optimism ahead of the earnings release.

Analysts had projected modest growth for the quarter, with revenue expected to increase by mid-single digits year-over-year. The company’s order backlog remains healthy, signaling continued strength in demand for its lightweight and durable composite materials.

The Finnish group, which supplies components to sectors including wind energy, marine, and industrial manufacturing, has benefited from the global push toward decarbonization and energy efficiency. Its materials are used in applications requiring high strength-to-weight ratios.

Exel Composites did not provide a formal outlook for the second half of 2026, but management emphasized ongoing operational discipline and capacity expansion to meet rising demand. The company’s performance aligns with broader trends in the industrial materials space, where supply constraints and strong order flows have supported pricing power.

The shares closed 6.5% higher on the day, capping a week of gains as investors digested the upbeat results.