Brief: Exel Industries Q2 Sales Down At EUR 194.9 Mln
28/04/2020 17:00
April 28 (Reuters) - EXEL INDUSTRIES SA EXEP.PA :
* Q2 SALES EUR 194.9 MILLION VERSUS EUR 216.8 MILLION YEAR AGO
* DECREASE IN SALES MAINLY DUE TO IMPACT OF COVID-19 ON
AGRICULTURAL SPRAYING, GARDEN WATERING AND SPRAYING ACTIVITIES
* IN THE SHORT TERM, THE PUBLIC HEALTH CRISIS WILL REDUCE OUR ACTIVITY TO VARYING DEGREES -
CEO
*
GARDEN WATERING ACTIVITY DIRECTLY IMPACTED BY CLOSURE OF SHOPS, HARDWARE STORES AND GARDEN CENTE
RS
* ON GARDEN WATERING: STANDSTILL LEADS TO SLOWDOWN AT HOZELOCK AND TRICOFLEX FACTORIES
* ON INDUSTRIAL SPRAYING: SHUTDOWN LEADS TO
DELIVERY DELAYS, DROP IN ORDER NUMBERS AND RECONSIDERATION OF INVESTMENTS AMONG MAJOR CLIENTS
* AGRICULTURAL COMMODITIES MARKET COPING WELL WITH CRISIS, WITH EXCEPTION OF SUGAR
* INDUSTRIAL SPRAYING BUSINESS IMPACTED BY EXTENDED SHUTDOWN OF AUTOMOBILE MANUFACTURERS
Source text for Eikon: ID:nGNE1wNSjT
Further company coverage: EXEP.PA
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))