Brief: Exel Industries Q1 Sales Up at EUR 185.1 Mln

Exel Industries SA

25/01/2023 06:46

Jan 25 (Reuters) - Exel Industries  EXEP.PA :    
    * Q1 SALES AT €185.1 MLN, UP 16.1%, DRIVEN MAINLY BY ORGANIC
GROWTH IN AGRICULTURAL EQUIPMENT
    * CHANGE IN CONSOLIDATION SCOPE FROM
G.F. ACQUISITION CONTRIBUTED
€1.8 MILLION TO Q1 SALES
    * AGRICULTURAL SPRAYING: AGRICULTURAL COMMODITY PRICES
EXPECTED TO
REMAIN HIGH
    * AGRICULTURAL SPRAYING: ORDER BOOK REMAINS SOLID FOR COMING
QUARTERS
    * SUGAR BEET HARVESTERS: SALES OF NEW MACHINES EXPECTED TO
REMAIN
STRONG IN 2022–2023 AND BENEFIT FROM OPPORTUNITIES IN RUSSIA
    * LEISURE: HIGHER SALES EXPECTED IN Q2
    * INDUSTRY: ASIA, N AMERICA TO REMAIN DRIVERS OF VOLUMES
GROWTH;
LIMITED IMPROVEMENT IN AUTOMOTIVE SECTOR

Source text for Eikon:  ID:nNDL29llXl 
Further company coverage:  EXEP.PA 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))