EXEL Industries: Second quarter 2024–2025 sales down 3.8%

Q2 2024–2025 revenue: -3.8%Businesses proved to be resilient in an uncertaineconomic context Q2 sales(January 2025–March 2025)) 2023–20242024–2025Change (reported)Change (LFL*)ReportedReported€m%€m%AGRICULTURAL SPRAYING157.4132.7-24.7 -15.7%-25.2-16.0%SUGAR BEET HARVESTING 17.125.3+8.1+47.6%+9.4+54.7%LEISURE 47.447.3-0.0-0.1%-0...

Paris, 29/04/2025 (informazione.news - comunicati stampa - industria)

Like-for-like (LFL) = at constant consolidation scope and foreign exchange rates

Like-for-like (LFL) = at constant consolidation scope and foreign exchange rates

Q2 revenue
2024-2025

The EXEL Industries Group generated revenue of €281.4 million in the second quarter of the 2024-2025 fiscal year, down -3.8% on the previous year, mainly due to lower volumes in Agricultural Spraying, with other activities either stable or growing. At constant scope and foreign exchange rates, revenue was down -4.3% .

Agricultural Spraying revenue was down 15.7%, due to low volumes, in line with the first quarter, with a return to a more traditional seasonality. In Europe, sales were up slightly, with some disparities depending on the country. However, revenue was significantly impacted in North America. The current situation is encouraging North American farmers to adopt a general wait-and-see attitude due to a lack of economic visibility stemming from the trade war of the Trump presidency and pressures on agricultural revenues.

In the second quarter of 2024–2025, sales were up 47.6%. All product categories (harvesters, cleaner-loaders and carriers) increased, after a first quarter marked by a slight delay in production schedules, which was resolved as expected. Sales of spare parts and used machinery remained strong and increased compared to the same period last year.

In the second quarter of 2024–2025, Leisure sales were almost stable, at -0.1% compared to the second quarter of 2023–2024. After a good preseason, and now at the start of the high season, business is holding up well in Garden activities, with sales up in the United Kingdom. 

The quarter was very positive for Industrial Spraying, contrasting with a quieter first quarter. Sales were dynamic across all product categories, with a notable increase in high viscosity. In all regions, with the exception of Asia, where business fell slightly, the Group posted sustained growth, notably in Western Europe.

2025 outlook

Daniel Tragus, Chief Executive Officer of the EXEL Industries Group

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About EXEL Industries

EXEL Industries is a French family-owned group that designs, manufactures and markets capital equipment and provides associated services that enable its customers to improve efficiency and productivity or enhance their well-being while achieving their CSR objectives.
Driven by an innovation strategy for over 70 years, EXEL Industries has based its development on innovative ideas designed to offer customers unique, efficient, competitive, and user-friendly products.
Since its inception, the Group has recorded significant growth in each of its markets through both organic growth and corporate acquisitions, underpinned by a stable shareholder base guided by a long-term development strategy.
In 2023–2024, EXEL Industries generated €1.1 billion in revenue and employed 3,814 people in 33 countries on 5 continents.

Euronext Paris, SRD Long only – compartment B (Mid Cap) EnterNext© PEA-PME 150 index (symbol: EXE/ISIN FR0004527638)

Press release available on www.exel-industries. com

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