Exel Composites

Here are Aapeli’s comments on this big news :slight_smile:

Exel Composites announced on Thursday morning that it has signed a new multi-year supply agreement with Suzlon Energy Limited. We consider the news to be extremely significant on the company’s scale and a testament to its strategic success regarding Exel’s plant in India. The potentially massive scale of the agreement provides significant backing for our strong growth forecasts for the coming years. Overall, we view the news positively, and according to our preliminary assessment, the agreement will cause at least slight upward pressure on our forecasts.