EXEL INDUSTRIES

Q4 Revenue 2017-2018 Declining agricultural activity but strong results in Garden Watering

PRESS RELEASE                                                                                                       October 25, 2018

Q4 Revenue 2017-2018
Declining agricultural activity but strong results in Garden Watering

	2016-2017	2017-2018	Published Change	Change at constant foreign exchange rates (*)
Q4 Revenue in €m (July to September)	273.5	252.7	-7.6%	-6.7%
Agricultural Spraying	78.5	73.7	-6.1%	-5.7%
Sugar Beet Harvesting	115.9	92.6	-20.0%	-19.0%
Garden Spraying and Watering	17.0	25.3	+49.0%	+49.2%
Industrial Spraying	62.1	61.0	-1.8%	-0.4%

	2016-2017	2017-2018	Published Change	Change at constant foreign exchange rates (*)
Revenue (12 months) in €m (October to September)	874.2	839.1	-4.0%	-1.7%
Agricultural Spraying	380.8	364.4	-4.3%	-1.5%
Sugar Beet Harvesting	176.2	154.6	-12.3%	-11.2%
Garden Spraying and Watering	108.8	118.5	+9.0%	+10.3%
Industrial Spraying	208.4	201.6	-3.2%	-0.2%

(*)  Figures 'at constant foreign exchange rates' are calculated by translating the current year amounts using the average monthly exchange rates of the prior year