Brief: Exel Industries FY EBIT Down At 37.2 Million Euros

Exel Industries SA

20/12/2022 07:15

Dec 20 (Reuters) - Exel Industries SA  EXEP.PA :
    * FY SALES EUR 977.0 MILLION VERSUS EUR 876.8 MILLION YEAR
AGO
    * FY EBIT EUR 37.2 MILLION VERSUS EUR 54.7 MILLION YEAR AGO
    * END-SEPT NET FINANCIAL DEBT EUR 160.5 MILLION VERSUS EUR
42.4
MILLION YEAR AGO
    * FY NET INCOME EUR 28.6 MILLION VERSUS EUR 43.5 MILLION
YEAR AG
    * PROPOSED DIVIDEND PAYMENT OF €1.05 PER SHARE
    * SALES GROWTH, INFLATION, SUPPLY SHORTAGES, LARGE ORDER
BOOK
EXPECTED FOR 2022–2023 LED TO SIGNIFICANT INCREASE IN GROUP’S
WORKING CAPITAL REQUIREMENTS
    * AGRICULTURAL SPRAYING OUTLOOK:
DESPITE UNCERTAINTY SURROUNDING RUSSIA-UKRAINE 
CONFLICT, BUSINESS CONTINUES TO THRIVE IN THIS REGION
    * AGRICULTURAL SPRAYING OUTLOOK: ORDER BOOK REMAINS
WELL-STOCKED
FOR THE COMING QUARTERS
    * SUGAR BEET HARVESTERS OUTLOOK:  SALES OF NEW MACHINES
EXPECTED
TO MAINTAIN GOOD VOLUMES IN 2022–2023
    * INDUSTRY OUTLOOK: ASIA AND NORTH AMERICA EXPECTED TO
REMAIN
DRIVERS OF VOLUME GROWTH

Source text for Eikon:  ID:nNDL6CZt10 
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