Exel Industries : Publication in line with our expectations
>Publication of the interim results - For H1, Exel Industries has published a decline in results vs the reference six-month period. Based on interim sales (already published) of € 343m, down 2.8% and up slightly on an organic basis by +0.4%, underlying operating profit was € 10.9m (€ 10.4m est.) vs € 15.2m, down 27.8%, i.e. an underlying operating margin of 3.2%, - 110bp. Attributable net profit was € 4.1m (€ 6.3m est.) vs € 8.5m, down 51.2%. The group posted net deb...EXEL Industries designs and manufactures precision spraying equipment that it markets to three markets: farming, industry and consumers. Co. organizes its operations into two divisions: Plant Protection (manufactures professional, semi-professional and consumer agricultural spraying equipment for plant protection; plant health products sprayed include herbicides, insecticides, fungicides, liquid fertilizers and other products) and Material Protection (supply of material protection products in two different areas: paint and viscous industrial product application equipment; and elimination of dust and odors).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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