EXEL Industries : A good start to the year - Confirmation of our full-year forecasts
>Q1 sales publication close to our expectations - EXEL Industries has reported Q1 sales of € 200.1m (€ 196.6m estimated) vs € 185.1m, up +8.1% and +11% on an organic basis. This is a very good performance against an unfavourable comparison base (+11.8%). The scope effect with the contribution from Devaux was € 1.3m (+0.7%) and the forex effect was unfavourable at 3.6%. Note the excellent performance from the beet harvesting business (+41.3% organic) and the industria...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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