EXEL Industries: Q3 2024-2025 revenue down 10.9%

Q3 2024-2025 revenue down 10.9%Growth maintained in Leisure and Industry, with a persistent decline in agriculture Q3 sales(April 2025–June 2025)) 2023-20242024-2025Change (reported)Change (LFL*)ReportedReported€m%€m%AGRICULTURAL SPRAYING151.7115.1-36.7 -24.2%-34.9-23.0%SUGAR BEET HARVESTING39.135.8-3.3-8.5%-3.1-7.9%LEISURE 54.057.9+3.9+7...

Paris, 23/07/2025 (informazione.news - comunicati stampa - industria)

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

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

Q3 revenue 2024-2025

In the third quarter of the 2024-2025 fiscal year, the EXEL Industries group posted revenue of €282.1 million , down -10.9% on the previous year, mainly due to lower volumes in Agricultural Spraying and a foreign exchange impact of €6.3 million linked to the sharp depreciation of the dollar over the period. At constant foreign exchange rates and scope, sales fell -8.9% .

In Agricultural Spraying, sales were down significantly, by -24.2% compared to the third quarter of last year. Revenue fell in the main regions where the Group operates—in Australia, which suffered significant droughts, in North America and in France. In Europe, the situation was more heterogeneous, with slight growth in Northern and Central Europe and difficulties in Western and Eastern Europe.

Sales of new machines in Sugar Beet Harvesting increased slightly compared to last year but did not offset the decline in used machines. In Germany and North America, sales were resilient and remained stable compared to last year. 

In the third quarter of 2024-2025, Leisure sales were up 7.3%. Thanks to favorable weather conditions, revenue in the United Kingdom was up significantly. 

Industrial Spraying grew 2.3% this quarter, thanks to strong sales in Systems projects and in the traditional paint application ranges. Geographically, the situation shows quite marked contrasts, with sales growing significantly in France and in the Americas, being stable or even slightly up in Asia, but down in Western Europe. In Technical Hoses, volumes remained stable in B2B.

Outlook

AGRICULTURAL SPRAYING

SUGAR BEET HARVESTING

LEISURE

INDUSTRY

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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