EXEL Industries: third quarter 2022-2023 sales, up 13.7%

Third quarter 2022-2023 sales up 13.7%Growth across all business lines, bolstered by buoyant sales in agricultural equipmentQ3 sales(April 2023–June 2023) 2021–20222022–2023Change(reported)Change(LFL*)ReportedReported€m%€m%       AGRICULTURAL SPRAYING133.0155.2+22.2+16.7%+24.6+18.5%SUGAR BEET HARVESTERS  21.934.1+12.2+55.6%+13...

Paris, 25/07/2023 (informazione.news - comunicati stampa - industria)

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

Sales per activity
Third quarter 2022-2023

EXEL Industries posted revenue of €310.0 million for the third quarter of fiscal 2022-2023, up 13.7% . Growth at constant consolidation scope and foreign exchange rates was 15.6% , the difference being due to an adverse currency effect and a limited scope effect arising from the consolidation of the Devaux group: the early June 2023 acquisition of Devaux led to the consolidation of a €0.6 million contribution to third quarter revenue.

The Group's growth continued to be driven by the price increases passed since last year, coupled with sustained volumes in the agricultural equipment and industry businesses, and a favorable basis of comparison.

Revenue increased across all Group regions, particularly France and North America, which recorded brisk sales volumes during the quarter without being as impacted by the shortages as they were the previous fiscal year.

Sugar prices stabilized at record high levels. Sales of sugar beet harvesters were bolstered by strong demand in Eastern Europe.

In a challenging market following extreme adverse weather conditions in May, billings in the garden business held up in terms of volume. The process of integrating Devaux has only just begun. Boat deliveries were lagging behind during this quarter compared to 2022.

Industrial spraying sales were driven by automotive project billings. Sales in Asia and the USA remained stable compared to the previous quarters. In technical hoses, the sluggish economic environment persisted.

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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 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. EXEL Industries employs approximately 3,770 permanent employees spread across 27 countries and five continents.
The Group posted FY 2021-2022 sales of €977 million.
Euronext Paris, SRD Long only – compartment B (Mid Cap) EnterNext© PEA-PME 150 index (symbol: EXE/ISIN FR0004527638)

Press release available onsite www.EXEL-industries.com

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