Exel Composites Oyj reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was EUR 30.98 million compared to EUR 36.49 million a year ago. Net loss was EUR 3.78 million compared to net income of EUR 0.455 million a year ago. Basic loss per share from continuing operations was EUR 0.32 compared to basic earnings per share from continuing operations of EUR 0.04 a year ago.
For the full year, sales was EUR 136.99 million compared to EUR 134.37 million a year ago. Net income was EUR 2.29 million compared to EUR 1.69 million a year ago. Basic earnings per share from continuing operations was EUR 0.19 compared to EUR 0.14 a year ago.