EXEL Industries : Greater caution on agricultural spraying
>Q3 sales release in line with our expectations - Exel Industries reported Q3 2023-24 sales of € 316.5m (€ 314m estimated) vs € 310m in Q3 2022-23, up +2.1% and also +2.1% on an organic basis. In the first 9 months, sales therefore came to € 809.3m (€ 806.7m estimated) vs € 793m the previous year, +2% and +2.6% organically. These Q3 sales came after two contrasting quarter (+11% in Q1 and -2.1% in Q2) and were affected by an unfavourable base effect. They were charac...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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