EXEL INDUSTRIES :2014-2015 annual sales Decrease of 50M? in agricultural sprayer
(Thomson Reuters ONE) -
PRESS RELEASE Paris, September 30, 2015
2014-2015 annual sales
Decrease of 50M? in agricultural sprayer
+-----------------------------------------+-----------+-----------+---------+
| | | | |
|Consolidated figures in millions of euros|2013 - 2014|2014 - 2015|Variation|
| | | | |
| | | | |
|
+-----------------------------------------+-----------+-----------+---------+
|Sales 4th quarter (June to August) | 233.4 | 228.8 | -2.0% |
+-----------------------------------------+-----------+-----------+---------+
|Agricultural Sprayer | 71.0 | 62.9 | -11.4% |
| | | | |
|Sugar Beet Harvesters | 72.3 | 76.3 | 5.5% |
| | | | |
|Garden Spraying and Watering | 26.1 | 30.5 | 16.8% |
| | | | |
|Industrial Spraying | 64.0 | 59.1 | -8.4% |
+-----------------------------------------+-----------+-----------+---------+
+-----------------------------------------+-----------+-----------+---------+
|Sales 12 months (September to August) | 775.4 | 725.3 | -6.5% |
+-----------------------------------------+-----------+-----------+---------+
|Agricultural Sprayer | 346.0 | 291.0 | -15.9% |
| | | | |
|Sugar Beet Harvesters | 140.7 | 137.0 | -2.6% |
| | | | |
|Garden Spraying and Watering | 99.4 | 104.9 | 5.6% |
| | | | |
|Industrial Spraying | 189.3 | 192.3 | 1.6% |
+-----------------------------------------+-----------+-----------+---------+
As previously announced, EXEL Industries sales were down by 2% over the 4(th)
quarter. The reduction in the agricultural sprayer activity of 11.4% was only
partly compensated for by other group activities.
Annual revenue was ?725.3 million against ?775.4 million in the previous fiscal
year, or -6.5% at current exchange rates. EXEL Industries benefited from the
euro's weakness against the US dollar and pound sterling, which contributed ?17
million to revenue.
* Agricultural Sprayer
Fourth quarter activity stabilized at a weak level in the European market, the
USA, Russia and Ukraine. The economic context, together with a reduction in
farmers' incomes, has had a negative impact principally on our sales in Europe
and to a lesser extent in the United States, given our weak presence in the
latter market.
Globally over the year, all geographical areas were down except Australia.
Excluding the positive exchange rate effect, agricultural sprayer revenue was
down by almost ?50 million.
* Sugar Beet Harvesters
The dry spring and wet weeks at the end of August and beginning of September
have delayed harvests until the last fortnight of September. Some deliveries of
sugar beet harvesters were postponed until September, but with little impact on
2014-2015 fiscal year revenue.
* Garden Spraying and Watering
The backlog created in the first three quarters of the fiscal year was recovered
thanks to the fall in the euro against the pound sterling and very favorable
weather conditions in the months of June and July. Revenue went from ?99.4
million to ?104.9 million including an exchange rate effect of ?6.7 million.
Sales in France and England held up well but overall reduced by 10%
internationally.
* Industrial Spraying
The 4th quarter revenues of last year were high due to a large billing related
to paint application projects. Overall the turnover of "industrial spraying" was
driven by growth in the US market, the weakness of the Euro and the development
of the distribution network. This growth offset the 10% decline of Revenues
related to paint line projects.
Outlook and Strategy
Guerric Ballu, EXEL Industries Group CEO:
"After three fiscal years of strong growth, our annual revenue is down by 6.6%
owing to the agricultural sprayer sector which declined by nearly 15.9%. For
EXEL Industries group as a whole, international sales have increased, which
brings the share outside France to 73% against 68% in the previous fiscal year.
With a difficult economic background, marked by a strong reduction in
agricultural sprayers, our other group businesses continue to develop with
significant growth in North America.
Taking economic circumstances into account, a recovery in agricultural spraying
is not yet on the agenda. Wheat harvests were satisfactory in volume terms but
prices remain at a low level of ?150-160/ton. As far as the maize harvest is
concerned, it was affected by hot and dry weather in Europe and the United
States. For all that, we can expect that customers in France are likely to act
on tax-reduction measures that increase amortizations on industrial investments,
which may lead to greater economic activity between February and April 2016.
Despite a less profitable 2014-2015 fiscal year, EXEL Industries group is
pursuing its development strategy by investing abroad and innovating in all its
businesses. At the GAFA trade show in Germany and at the Glee retail show in
England, Hozelock exhibited two major innovations for gardeners: an automatic
watering system controlled by smartphone and a revolutionary drip-watering
system.
Our new agricultural spraying products will be showcased at the Agritechnica
trade fair in Hanover in November 2015."
Next event: SFAF 2014-2015 full-year results on November 24, 2015
2015-2016 first-quarter sales: December 22, 2015
About EXEL Industries: www.exel-industries.com
EXEL Industries' main businesses are agricultural sprayers (world no.1) and
industrial spraying (world no.3). The Group also competes in the retail water
supply solutions market (European leader) and the sugar beet harvesters market
(world leader). EXEL Industries is continually expanding its markets by means of
constant innovation and an international strategy. EXEL Industries employs
around 3,600 people spread over 29 countries in five continents.
+----------------------------+---------+---------+---------+---------+---------+
|EXEL Industries |2009-2010|2010-2011|2011-2012|2012-2013|2013-2014|
+----------------------------+---------+---------+---------+---------+---------+
|Revenue in millions of euros| 384.4 | 430.1 | 525.3 | 740.2 | 775.4 |
+----------------------------+---------+---------+---------+---------+---------+
NYSE-Euronext Paris, SRD Long, Compartment B, CAC Mid&Small 190
EnterNext© PEA-PME 150 Index
(Ticker symbol EXE / ISIN FR0004527638)
CONTACT PERSONS
Guerric BALLU Sylvain
Rousseau
Group CEO Group
CFO / Head of Investor Relations
Sylvain.Rousseau(at)exel-
industries.com
Tel: +33 1 71 70 49 50
EI: Sale Q4 2014-2015:
http://hugin.info/143456/R/1955809/712282.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: EXEL INDUSTRIES via GlobeNewswire
[HUG#1955809]
Unternehmensinformation / Kurzprofil:
Datum: 30.09.2015 - 19:00 Uhr
Sprache: Deutsch
News-ID 423797
Anzahl Zeichen: 9253
contact information:
Town:
Epernay cedex
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 205 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"EXEL INDUSTRIES :2014-2015 annual sales Decrease of 50M? in agricultural sprayer"
steht unter der journalistisch-redaktionellen Verantwortung von
EXEL INDUSTRIES (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
