The invention concerns a guide rail of compound type and a method of manufacturing such a guide rail. The guide rail is made like a railway rail or similar and intended for guiding interaction with a wheel of a unit travelling along the rail, comprising a long outer rail (4) made of sheet metal exhibiting the shape of a longitudinal open channel with defined inside (9) and outside (10), a long base rail (5) exhibiting a foot (1) for mounting the rail to a surface, a web (2) extending from the foot supporting a main part (3), which, in comparison to the web, is thicker and serves as a receptacle (11) for receiving and supporting the outer rail, whereby the outer rail has an outer profile that has been chosen to provide a guiding interaction with the wheel. According to the invention, the inside (9) of the outer rail (4) and the receptacle section (11) exhibit opposing section shapes, that the outer rail (4) has a yield limit exceeding that of the base rail (5) and that both parts are joined together by adhesive binding such as welding or gluing.