EXEL INDUSTRIES :2016-2017 third quarter revenue Sales up by 6%
July 20 2017 - 12:31PM
PRESS
RELEASE
July 20, 2017
2016-2017 third quarter revenueSales up by
6%
|
2015-2016 |
2016-2017 current consolidation scope |
2016-2017 constant consolidation scope |
Change
of current consolidation scope |
Third quarter revenue (April to June) |
234.3 |
248.1 |
248.1 |
6% |
Agricultural Spraying |
112.0 |
117.6 |
117.6 |
5% |
Sugar Beet
Harvesters |
36.6 |
32.4 |
32.4 |
-11% |
Garden Spraying &
Watering |
39.2 |
48.4 |
48.4 |
23% |
Industrial Spraying |
46.5 |
49.7 |
49.7 |
7% |
|
|
|
|
|
|
|
|
|
|
Nine
months' revenue (October to June) |
580.8 |
600.7 |
586.9 |
3% |
Agricultural
Spraying |
300.1 |
302.5 |
288.7 |
1% |
Sugar Beet
Harvesters |
61.4 |
60.2 |
60.2 |
-2% |
Garden Spraying &
Watering |
80.4 |
91.8 |
91.8 |
14% |
Industrial Spraying |
138.9 |
146.2 |
146.2 |
5% |
*Constant scope = 2016-2017 current scope
excluding the first quarter of ET Works (acquired in January
2016)
Revenue was up by 6% in the third quarter of the
2016-2017 fiscal year (April to June 2017), driven by Garden
Spraying & Watering, Industrial Spraying and Agricultural
Spraying. During the first nine months of the fiscal year, the EXEL
Industries group's business, which suffered from the agricultural
crisis in France, was nevertheless boosted by Garden Spraying &
Watering and Industrial Spraying. The Sugar Beet Harvester business
is expected to see a sharp increase in the last quarter.
After a 4% decrease in the first quarter, and a
flat second quarter, Agricultural Spraying was up by 5% in the
third quarter. This growth stems from the international market,
mainly from the CIS, the US and Australia. Sales in France
continued to decline due to the agricultural crisis. Conversely, in
the US, ET Works posted a very sound performance in the third
quarter.
Third quarter sales were down compared to last
year, primarily in Russia and China. However, new order entries
were very strong in Europe, which is usually delivered in the
fourth quarter before the beginning of harvesting operations.
- Garden Spraying and Watering
An excellent third quarter in Garden Spraying
& Watering on the back of the commercial success of new
products, such as the superhoZe extendable hose, new contracts with
European retailers and very good weather conditions. At constant
GBP/EUR exchange rates, revenue growth would have been over 30%
during the quarter and around 20% in total during the first nine
months.
A sound performance once again in Industrial
Spraying during the quarter, due to a rise in standard equipment
sales and the execution of contracts in the automotive industry,
notably in Japan, Korea and the Middle East.
Guerric Ballu, CEO of EXEL Industries group,
said:
"EXEL Industries group's growth picked up during
the third quarter. Based on our order book, the fourth quarter
should far outweigh that of last year, which was remarkably low.Our
sugar beet harvester sales in the fourth quarter are expected to
almost double compared to the same quarter last year. Garden
Spraying & Watering and Industrial Spraying business volumes
will remain strong until the end of the fiscal year.In France,
Agricultural Spraying is still affected by ongoing economic
difficulties. In the rest of the world, some indicators are
starting to improve. Raw material prices are back up again and
wheat has exceeded €170/ton. Australia, Russia and Ukraine are
enjoying growth and the US is also showing signs of recovery.
Regarding customer strategy, each EXEL
Industries group company is initiating a customer-experience
program, so that our customers feel an emotional experience when
using our products and through their relationships with us. New
customer needs are emerging. They want everything to be more
practical, more customized, more digital, more sociable, more
immediate and more fun.We believe that a unique customer experience
is a major competitive advantage and a key asset for driving
growth."
Next event: 2016-2017 fourth quarter
revenue on October 26,
2017
2016-2017 full-year
results on December 19, 2017
EXEL Industries |
2009/2010 |
2010/2011 |
2011/2012 |
2012/2013 |
2013/2014 |
2014/2015 |
2015/2016 12 months |
Revenue in millions of euros |
384.4 |
430.1 |
525.3 |
740.2 |
775.4 |
725.2 |
770.8 |
About EXEL Industries:
www.exel-industries.com, @EXEL_Industries
EXEL Industries' main businesses are
agricultural sprayers (world leader) and industrial spraying. The
Group also competes in the consumer watering products market
(European leader) and in sugar beet harvesting (world leader). EXEL
Industries is continually expanding its markets by means of
constant innovation and an international strategy. EXEL Industries
employs around 3,750 people spread over 29 countries on five
continents.
NYSE-Euronext Paris, SRD Long, CAC Mid&Small
190EnterNext© PEA-PME 150 index (Ticker EXE / ISIN
FR0004527638)
This press release is available in French and
English on the website and Twitter.
YOUR CONTACTS
Guerric
Ballu
Sophie
Bouheret
Group Chief Executive
Officer
Group Chief Financial Officer/Investor
Relations@Gu3rric
sophie.bouheret@exel-industries.com
Tel: + 33 (0)1 71 70 49
50
Attachments:
http://www.globenewswire.com/NewsRoom/AttachmentNg/98c18e25-00eb-490a-ab69-9fc034ec1706
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