EXEL INDUSTRIES :Activity 2nd quarter 2016-2017 Good outlook for beet harvesters and garden watering equipment
PRESS RELEASE April 20, 2017
|2015-2016||2016-2017 Current scope||2016-2017 Constant scope||Current scope change|
|Revenue for 2nd quarter (January to March)||210.9||218.3||218.3||4%|
|Spraying and Garden Watering||31.1||34.2||34.2||10%|
|Revenue for 6 months (October to March)||346.5||352.7||338.9||2%|
|Spraying and Garden Watering||41.2||43.4||43.4||6%|
*Constant scope = 2015-2016 current scope excluding ET Works acquired in January 2016
The revenue for the second quarter of fiscal year 2016-2017 (January to March 2017) is slightly up due to the "Garden Watering" and "Industrial Spraying" activities.
Over the first half-year, the activity of the EXEL Industries Group, which has suffered from the farming crisis, was driven by "garden watering" equipment and "beet harvesters" business, an improvement that should become more marked for both sectors at the 2nd semester.
- Agricultural Spraying
For "Agricultural Spraying", identical revenue to last year in reality conceals a significant slump in the French market and a slight reduction in Europe; at the same time sales have grown in Australia, in USA and in the CIS. The project to merge HARDI Evrard and MATROT Equipement was presented to the press, to French customers and distributors, and is ongoing.
- Beet Harvesters
During the first half-year, this activity has shown slight growth compared with last year. The outlook for sales is very favorable in Europe for the second quarter. After the increase of the sugar beets surface in Europe by 20%, sales forecast are very favorable for the second semester.
- Spraying and Garden Watering
The launch of new products including the expandable hose "superhoZe", and the implementation of contracts of Europeans distributors, have already had a positive effect on revenue in the second quarter, despite the drop in sterling against the euro.
- Industrial Spraying
The increase in sales in industrial spraying stems from improved sales in our distribution channels together with the signing of a contract in the automotive industry in Europe and the Middle East.
- Outlook and Strategy
Mr. Guerric Ballu, CEO of the EXEL Industries Group, comments:
"In France, the crisis in agricultural spraying is still very much with us, with no prospect of recovery before the end of our fiscal year.
Substantial orders have been placed for beet harvesters in Europe with deliveries scheduled before the end of September 2017. The very favorable weather conditions at the beginning of spring leads us to expect increased activity in garden watering. With industrial spraying, we won the Nissan contract in Sunderland UK and PSA in Vigo Spain.
SAMES KREMLIN, the new company merged on February 1, 2017, was well received by the distribution network and the market, as were the company's strategy and coherent range.
In February 2017, all our brands at the recent SIMA Fair exhibited innovations that received a very warm reception from French and foreign farmers. Moreover, BERTHOUD won the prize for best machine of the year."
New corporate fiscal year: new basis for comparison
The Shareholders' General Meeting of January 12, 2016 decided that, as of fiscal year 2015-2016, the EXEL Industries Group would close the financial statements on September 30.
This means a fiscal year of 13 months in 2015-2016. Accordingly, fiscal year 2016-2017 started on October 1, 2016 and will end on September 30, 2017 and, from now on, the quarter will be calendar quarters.
|September 2015-August 2016||October 2015-September 2016|
|Annual Revenue||€759.2 M||€770.8 M|
|Spraying and Garden Watering||97.6||96.9|
Next meeting: Shareholders' Ordinary General Meeting: February 9, 2017
Revenue for 1st Half-year 2016 - 2017: April 20, 2017
|EXEL Industries||2009/2010||2010/2011||2011/2012||2012/2013||2013/2014||2014-2015||2015-2016 12 months|
|Revenue in €M||384.4||430.1||525.3||740.2||775.4||725.2||770.8|
About EXEL Industries: www.exel-industries.com, @EXEL Industries
Spraying is the main business of EXEL Industries, for farming (world leader) and industry. The Group also operates in the market for watering equipment for the general public (European leader) and beet harvesting (world leader). EXEL Industries intends to develop in its markets thanks to a permanent innovation policy and a strategy for internationalization. EXEL Industries employs about 3,750 persons in 29 countries, on all five continents.
NYSE-Euronext Paris, SRD Long, CAC Mid&Small 190
EnterNext© Index PEA-PME 150 (Mnemo EXE/ISIN FR0004527638)
This press release may be obtained in French and in English on the website, Facebook and Twitter.
The SFAF presentation is available on the website www.exel-industries.com.
Guerric Ballu Sylvain Rousseau
Group Chief Executive Officer Group Chief Financial Officer/Investor Relations
Tel.: 01 71 70 49 50