EXEL Industries : More contrasting environment and more cautious message for agricultural spraying
>H1 sales release close to our expectations - Exel Industries reported H1 2023-24 sales of € 492.7m (€ 505.6m estimated) vs € 483.1m in H1 2022-23, showing growth of 2% and 2.9% on an organic basis. After posting strong momentum in Q1 (+11% organic), sales in Q2 came to € 292.6m (vs € 297.9m in Q1 2022-23) down 1.8% and -2.1% on an organic basis. Our main takeaway for Q2 is the sharp fall in the beet harvesting business and still a good performance for agricultural sp...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.