EXEL INDUSTRIES :1st Quarter 2015-2016 +?10 M in Agricultural Spraying business
(Thomson Reuters ONE) -
PRESS RELEASE Paris,
December 21, 2015
1(st) Quarter 2015-2016
+?10 M in Agricultural Spraying business
+-------------------------------------+----------------------------+ +---------+
| | 1st quater | | FY |
| Consolidated data in m? +---------+---------+--------+ +---------+
| |2014-2015|2015-2016|Variance| |2014-2015|
| | | | | +---------+
|
+-------------------------------------+---------+---------+--------+ +---------+
|Sales 1st quarter (september to | 135.5 | 137.1 | 1.2% | | 725.2 |
|november) | | | | | |
+-------------------------------------+---------+---------+--------+ +---------+
|Agricultural Spraying | 50.4 | 60.7 | 20.4% | | 291.0 |
| | | | | | |
|Beets Harvesters | 33.1 | 20.0 | -39.5% | | 137.0 |
| | | | | | |
|Spraying and Watering for garden | 9.4 | 9.6 | 1.8% | | 104.9 |
| | | | | | |
|Industrial Spraying | 42.6 | 46.8 | 9.9% | | 192.3 |
+-------------------------------------+---------+---------+--------+ +---------+
Group revenue has increased slightly over the 1(st) quarter, compared to the
same period last year.
* Agricultural Spraying
Sales in Agricultural Spraying increased by ?10 M in comparison with first
quarter 2014. This growth is mainly concentrated in France and Australia,
attributed to our new lines. In France, farmers are deciding to invest in
advance in large sprayers to take advantage of the 40% of additional
depreciation from the "loi Macron" that ends in April of 2016. In Australia,
revenue rose in the first quarter, but it could be negatively impacted by
significant climate changes brought about by El Niño in 2016.
* Sugar beet harvesters
Unlike the previous year 2015, sales of sugar beet harvesters were mostly
focused on the last quarter of the exercice, and much less on September-October
2015 corresponding to the first quarter 2016. With this base effect, revenue is
under ?13 M. To avoid this seasonal effect, a new date of closing of accounts at
end-September will be submitted to the General Meeting of Shareholders on
January 12, 2016.
* Spraying and Watering
In general, the first quarter is not significant, as it only represents about
17.1% of total annual revenue. This period is generally devoted to negotiations
with retail distributors and referencing for new products such as the
smartphone-controlled programmable watering system, the Hozelock® Cloud
Controller, and the revolutionary Easy Drip® drip irrigation system.
* Industrial spraying
Industrial precision spraying solutions continues its development across all
geographical areas, and its revenue for the first quarter is up by ?4 M. Sales
are expanding in distribution and installation of Sames and Kremlin-Rexson
equipment, such as in the Renault plant in Córdoba, Argentina.
* Outlook and Strategy
Guerric Ballu, CEO of EXEL Industries Group, says:
"Our revenue was stable for the first quarter. We are still in a period of
global crisis in agriculture, which was hidden by tax incentives in France in
the first quarter. As for the other businesses, they are in line with
expectations for the first quarter.
Given these conditions, we continue to prepare the EXEL Industries Group's
future. Over the last twelve months, we have designed four strategic medium- to
long-term plans for each of our businesses.
We have a multi-brand strategy for Agricultural Spraying. With growing demand
for food and a more competitive environment for sprayers, we affirm our position
as market leader and a global specialist in protecting all types of plants. We
are focusing our international development on Europe, Russia, Ukraine, the
United States and China.
Under our Holmer brand, we are the world leader in Sugar Beet Harvesters, both
in terms of market share and in terms of technology. We are already present on
the main markets, and we are opening our development to the United States,
China, and most recently Turkey, with the creation of a new subsidiary. The
TerraVariant heavy-duty tractor is an additional development focus, expanding
into open-field logistics.
In Europe and Australia, our Watering and Consumer Spraying activities continue
to grow. The key to our development strategy is bringing one major innovation
per year to the market. For example, in connected products, we launched the
Hozelock® Cloud Controller this year.
Our Industrial Spraying strategy is founded on our expertise in painting,
powder, fillers and adhesive application, improving finish quality and
productivity for our clients. Our numerous subsidiaries give us close contact
with our clients in all countries. Our focus for future development will be in
the United States and Asia.
We have a healthy and solid financial position, and were able to de-leverage by
?20 M last year. This allows us to invest in internal growth, as well as making
acquisitions in strategic areas."
+---------------+---------+---------+---------+---------+---------+---------+
|EXEL Industries|2009/2010|2010/2011|2011/2012|2012/2013|2013/2014|2014/2015|
+---------------+---------+---------+---------+---------+---------+---------+
|Sales in ?M | 384.4 | 430.1 | 525.3 | 740.2 | 775.4 | 725.2 |
+---------------+---------+---------+---------+---------+---------+---------+
About EXEL Industries: www.exel-industries.com, Facebookexelindustries,
(at)EXEL_Industries
The main business line of EXEL Industries is spraying, for agriculture (world
leader) and industry. The Group is also the European leader in consumer watering
products, and the world leader in sugar beet harvesters. EXEL Industries' goal
is to develop in its markets and through constant innovation and an
international strategy. EXEL Industries employs approximately 3,650 people in
29 countries on 5 continents.
NYSE-Euronext Paris, SRD Long, CAC Mid&Small 190
EnterNext© PEA-PME 150 index (Mnemo EXE / ISIN FR0004527638)
This press release is available in French and in English on the company website,
as well as on its Facebook and Twitter accounts.
CONTACT PERSONS
Guerric Ballu Sylvain Rousseau
Group CEO Group CFO / Head of Investor
Relations
(at)Gu3rric sylvain.rousseau(at)exel-
industries.com
Tel.:
00 33 1 71 70 49 50
EI: Sales Q1:
http://hugin.info/143456/R/1975184/722814.pdf
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Source: EXEL INDUSTRIES via GlobeNewswire
[HUG#1975184]
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Datum: 21.12.2015 - 18:01 Uhr
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News-ID 441087
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Kategorie:
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