Oddo BHF - EXEL Industries SA (EXE) EXEL Industries : Un environnement plus contrasté et des propos plus prudents pour la pulvérisation agricole

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Oddo BHF

Jean-François Granjon

EXEL Industries : Un environnement plus contrasté et des propos plus prudents pour la pulvérisation agricole

>Publication du CA semestriel proche de nos attentes - Exel Industries publié un CA semestriel de 492.7 M€ (505.6 M€ estimés) vs 483.1 M€ YoY en hausse de 2% et de 2.9% en organique. Après avoir connu une forte dynamique au T1 (+11% en organique), le CA T2 ressort à 292.6 M€ (vs 297.9 M€ YoY) en repli de 1.8% et -2.1% en organique. Nous noterons principalement pour ce T2 un net repli de l’activité Arrachage de Betteraves et toujours une bonne performance pour la pulvé...

24/04/2024 1 FR

Underlying

EXEL Industries SA

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).

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FR0004527638 Euronext Paris France

Provider

Oddo BHF

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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Analysts

Jean-François Granjon

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>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...

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EXEL Industries : Un environnement plus contrasté et des propos plus prudents pour la pulvérisation agricole

ODDO BHF Small & MIDCAP MORNING NEWS - 04/24/2024

ODDO BHF Small & MIDCAP MORNING NEWS - 24/04/2024 Date Performance depuis l’entrée Date Performance depuis l’entrée

EXEL Industries : More contrasting environment and more cautious message for agricultural spraying

Infineon Technologies AG : A revision is virtually certain, perhaps below the current consensus, but how far can it reasonably go?

Infineon Technologies AG : Une révision est quasi-certaine, peut-être même au-delà du consensus actuel, mais jusqu’où cela peut-il raisonnablement aller ?

Credit Morning 05/06/2024

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