EXEL Industries
137
0 Kommentare
first half 2023–2024 results
First half 2023‐2024 results EBITDA grew despite stable sales |
- EXEL Industries posted revenue of €492.7 million for the first half of 2023-2024, up 2.0%.
- The Group maintained strong profitability with first half recurring EBITDA up to €30.5 million, giving a margin of 6.2%.
- Net income was stable at €4.7 million.
- Net debt increased over the first half in line with the usual seasonal fluctuations in the Group’s business. EXEL Industries continues to make deleveraging and cash flow a priority.
H1 results (October 2023–March 2024) |
2022-2023 (€m) |
2023-2024 (€m) |
REVENUE |
483.1 | 492.7 |
RECURRING EBITDA* |
29.0 | 30.5 |
% of revenue |
6.0% | 6.2% |
CURRENT OPERATING INCOME (EBIT) |
15.8 | 16.0 |
% of revenue | 3.3% | 3.3% |
Non‐recurring items | 0.1 | (1.5) |
Net financial income/(expense) | (8.3) | (6.4) |
Tax and share of profit of associates | (3.4) | (3.4) |
NET INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT | 4.2 | 4.7 |
% of revenue | 0.9% | 0.9% |
NET FINANCIAL DEBT | (176.4) | (212.7) |
* Recurring EBITDA = current operating income (EBIT) + depreciation and amortization of non-current assets + change in provisions (excluding provisions on current assets) + share of profit of associates
First half 2023-2024
revenue
First half 2023-2024 revenue amounted to €492.7 million, up 2.0% as reported and up 2.9% at constant foreign exchange rates and scope. The decline in Sugar Beet Harvesting and Leisure volumes was more than offset by strong momentum in Industrial and Agricultural Spraying.
First half 2023‐2024
financial results
Lesen Sie auch
Recurring EBITDA rose 5% to €30.5 million, or 6.2% of Group revenue, compared to €29.0 million or 6.0% of sales in H1 2022-2023, despite the application of IFRS 16, requiring the amortization of the balance of future rents on current leases.