EXEL INDUSTRIES

Second-quarter sales 2017-2018 A weak quarter in an unfavorable currency context

PRESS RELEASE                                                                                                             April 19, 2018

Second-quarter sales 2017-2018
A weak quarter in an unfavorable currency context

	2016-2017	2017-2018	Published change	Change at constant currency basis (*)
Second-quarter sales in €m (January to March)	218.3	205.4	-5.9%	-2.5%
Agricultural Spraying	122.2	112.6	-7.9%	-4.2%
Sugar Beet Harvesting	12.5	13.5	+8.5%	+9.2%
Garden Spraying and Watering	34.2	33.7	-1.5%	0.0%
Industrial Spraying	49.4	45.6	-7.7%	-2.8%

	2016-2017	2017-2018	Published change	Change at constant currency basis (*)
6-month sales in €m (October to March)	352.7	343.0	-2.8%	+0.4%
Agricultural Spraying	185.0	174.2	-5.9%	-2.5%
Sugar Beet Harvesting	27.7	31.1	+12.2%	+13.7%
Garden Spraying and Watering	43.4	43.3	-0.4%	+1.0%
Industrial Spraying	96.5	94.5	-2.2%	+1.9%

*Constant currency basis: constant currency figures are calculated by translating the current year figures at prior year monthly average exchange rates.