EXEL INDUSTRIES

Third quarter 2017-2018 revenue Slight growth over the quarter at constant exchange rates

PRESS RELEASE                                                                                                                         July 19, 2018

Third quarter 2017-2018 revenue
Slight growth over the quarter at constant exchange rates

	2016-2017	2017-2018	Reported change	Change at constant exchange rates (*)
Third quarter revenue in €m (April to June)	248.1	243.4	-1.9%	+0.9%
Agricultural Spraying	117.6	116.5	-0.9%	+2.8%
Sugar Beet Harvesting	32.4	30.8	-4.9%	-4.2%
Garden Spraying and Watering	48.4	50.0	+3.3%	+4.9%
Industrial Spraying	49.7	46.1	-7.2%	-4.1%

	2016-2017	2017-2018	Reported change	Change at constant exchange rates (*)
Revenue over 9 months in €m (October to June)	600.7	586.4	-2.4%	+0.6%
Agricultural Spraying	302.5	290.6	-4.0%	-0.4%
Sugar Beet Harvesting	60.2	61.9	+2.8%	+4.0%
Garden Spraying and Watering	91.8	93.2	+1.5%	+3.1%
Industrial Spraying	146.2	140.7	-3.8%	-0.2%

(*)  Amounts at constant exchange rates are calculated by converting the amounts for the current year using the average monthly exchange rate for the previous year