EXEL Industries: 3rd quarter 2023-2024 turnover up 2.1%

The EXEL Industries group announced a turnover of 316.5 million euros for the third quarter of 2023-2024, an increase of 2.1% compared to the previous year. This growth includes a scope effect of 1.9 million euros linked to the acquisition of Devaux in June 2023.

In the Agricultural Spraying sector, a decrease of 2.2% was recorded, mainly in North America. On the other hand, beet harvesting saw a strong increase of 14.7%, supported by sales in Europe and North America.

The Leisure sector decreased by 6.5%, penalized by unfavorable weather conditions, while Industrial Spraying posted an increase of 14.1% thanks to good performance in Europe, particularly in Germany.

For the rest of the year, EXEL Industries forecasts stable sales in Beet Harvesting and remains vigilant on demand for Agricultural Spraying. The launch of the new W55 is also expected to support the Leisure sector.