EXEL Industries : Agricultural spraying slowing down sharply
>FY 2024 revenues a tad below our expectations - EXEL Industries published € 1,099.3m in FY revenue (€ 1,117.7m estimated, € 1,113.0m for consensus), up 0.5% from € 1,094.3m and +0.7% on an organic basis. Q4 revenue came in at € 290m (€ 308.5m estimated), down 3.7% and -4.2% on an organic basis, reflecting a steep downturn compared with previous quarters (+2.6% for 9 months). This quarter mainly reflects an acceleration in the decline in agricultural spraying, a furt...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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