EXEL Industries

First quarter 2023–2024 sales: up 8.1%

First quarter 2023–2024 sales: up 8.1% 11.0% organic growth in line with last fiscal year

The EXEL Industries Group posted revenue of €200.1 million for the first quarter of the 2023–2024 fiscal year, up 8.1%, driven mainly by organic growth in sugar beet harvesting and industry.

Growth at constant consolidation scope and foreign exchange rates was 11.0%.

The change in consolidation scope arising from the Devaux group acquisition in June 2023 contributed €1.3 million to first quarter revenue.

3-month sales (October 2023-December 2023)	2022–2023	2023–2024	Change (reported)		Change (LFL*)
	Reported	Reported	€m	%	€m	%
AGRICULTURAL SPRAYING	89.0	90.9	+1.9	+2.1%	+5.6	+6.3%
SUGAR BEET HARVESTING	19.5	27.1	+7.6	+39.0%	+8.1	+41.3%
LEISURE	13.7	11.1	(2.6)	(19.2)%	(3.9)	(28.6)%
INDUSTRY	62.9	71.0	+8.1	+12.9%	+10.6	+16.8%
EXEL Industries Group	185.1	200.1	+15.0	+8.1%	+20.3	+11.0%

* Like-for-like (LFL) = at constant consolidation scope and foreign exchange rates