EXEL Industries

First quarter 2023–2024 sales: up 8.1% - Seite 3

• Enduringly high sugar prices are expected to continue to bolster the new machines market, giving farmers visibility for replacing their machinery.
• Order intake for the new sugar beet harvester model is in line with Group expectations.
• Last year’s exceptional volume of machine replacements in Eastern Europe is unlikely to recur to the same extent in 2023–2024.

• LEISURE
  • The Garden division companies continued to reorganize, mainly in order to integrate and develop the products of the Devaux group acquired near the end of fiscal year 2022–2023.
  • The Group continues to launch new products for the upcoming season and to develop commercial and geographical synergies.
  • In the nautical industry, the new Wauquiez 55, a model combining performance and elegance, was launched at the Düsseldorf trade fair.

• INDUSTRY
  • The order book offers clear visibility over the coming months of the 2023–2024 fiscal year thanks to a large number of major projects in Europe, Asia and North America.
  • Few changes are expected in the hoses market, where the B2B business continues to face challenges.
    
    

Daniel Tragus, Chief Executive Officer of the EXEL Industries Group

“EXEL Industries achieved a good first quarter against a challenging basis of comparison, pursuing growth momentum particularly in the agricultural and industrial sectors. Sustained demand for our products allows us to maintain a well-stocked order book, albeit shorter than last year’s. Given the current macro-economic conditions, the uncertain geopolitical situation and the downturn in agricultural commodity prices, the Group remains attentive to developments in its markets.”

Upcoming events

• February 6, 2024: Annual General Meeting of Shareholders
• April 24, 2024, before market opening: Q2 2023–2024 revenue
• May 24, 2024, before market opening: H1 2023–2024 results and investor presentation
  
  

About EXEL Industries

EXEL Industries is a French family-owned group that designs, manufactures, and markets capital equipment and provides associated services that enable its customers to improve efficiency and productivity or enhance their well-being while achieving their CSR objectives.