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exel COMPOSITES Business Review January - March 2021 STRONG ORDER INTAKE AND REVENUE IN Q1 2021 Q1 2021 in brief • Order intake increased by 21.7 % to EUR 42.0 million ( Q1 2020 : 34.5 ) . • Revenue increased by 11.3 % to EUR 31.0 million ( 27.8 ) . • Operating profit increased to EUR 2.4 million ( 1.9 ) , which is 7.8 % of revenue ( 6.7 ) . • Adjusted operating profit increased to EUR 2.5 million ( 2.1 ) , which is 7.9 % of revenue ( 7.5 ) . • Earnings per share amounted to EUR 0.17 ( 0.06 ) . Guidance for the full year 2021 Exel Composites expects revenue and adjusted operating profit in 2021 to increase compared to 2020 . President and CEO , Riku Kytömäki The year 2021 has started well . Both order intake and revenue reached record high levels and adjusted operating profit increased compared to the same period in the previous year . Four of our seven customer industries showed strong revenue increase in the first quarter of 2021. Volume growth was especially supported by good demand in Wind Power applications , conductor core applications for power transmission in the Buildings and infrastructure customer industry and telescopic camouflage net support poles for Defense . These applications are all good examples of how persistent efforts in R & D have yielded results . After several years of decline , revenue in the Telecommunications customer industry doubled in the first quarter compared to the historically low levels in the same period last year . Revenue in the Transportation customer industry continued to suffer EXEL COMPOSITES Business Review Q1 2021 21.7 % Order intake increased to EUR 42.0 million in Q1 2021 | 1