diff --git a/build.gradle b/build.gradle
index ecbd3975..8ff92ecb 100644
--- a/build.gradle
+++ b/build.gradle
@@ -8,7 +8,7 @@ plugins {
 }
 
 group 'com.docutools'
-version = '1.3.1'
+version = '1.3.2'
 
 sourceCompatibility = 17
 targetCompatibility = 17
diff --git a/src/main/java/com/docutools/jocument/impl/excel/implementations/ExcelGenerator.java b/src/main/java/com/docutools/jocument/impl/excel/implementations/ExcelGenerator.java
index cc540f01..797dd770 100644
--- a/src/main/java/com/docutools/jocument/impl/excel/implementations/ExcelGenerator.java
+++ b/src/main/java/com/docutools/jocument/impl/excel/implementations/ExcelGenerator.java
@@ -4,6 +4,7 @@
 import com.docutools.jocument.PlaceholderResolver;
 import com.docutools.jocument.PlaceholderType;
 import com.docutools.jocument.impl.ParsingUtils;
+import com.docutools.jocument.impl.ScalarPlaceholderData;
 import com.docutools.jocument.impl.excel.interfaces.ExcelWriter;
 import com.docutools.jocument.impl.excel.util.ExcelUtils;
 import com.google.common.collect.Lists;
@@ -73,7 +74,8 @@ private void generate() {
           if (ExcelUtils.isSimpleCell(cell)) {
             excelWriter.addCell(cell);
           } else {
-            var newCellText = resolver.resolve(ExcelUtils.getPlaceholder(cell)).orElseThrow();
+            var newCellText = resolver.resolve(ExcelUtils.getPlaceholder(cell))
+                    .orElse(new ScalarPlaceholderData("-"));
             excelWriter.addCell(cell, newCellText.toString());
           }
         }