EXEL INDUSTRIES : EXEL INDUSTRIES :Third quarter 2012-2013 Revenue growth and
PRESS RELEASE Paris, June 25, 2013
World leader in spraying
Third quarter 2012-2013
Revenue growth and Acquisitions integration
At constant scope, the EXEL Industries Group saw sales growth of 2.4% during
the third quarter. Over the first nine months of the year, EXEL Industries'
consolidated revenue increased by 32.7%, benefitting from acquisitions during
2012 and 2013, and a positive first half year in Materials.
Consolidated data in € million 2011-2012 Constant Effect of Current Change
scope acquisitions scope
Revenue third quarter (March to 150.2 153.8 62.4 216.2 44.0%
of which Plant Protection 117.9 119.0 54.2 173.2 46.9%
of which Materials 32.3 34.8 8.1 43.0 33.2%
Revenue nine months (September 389.9 403.9 113.5 517.4 32.7%
of which Plant Protection 281.1 280.3 93.7 374.0 33.0%
of which Materials 108.7 123.6 19.8 143.4 31.9%
*Plant Protection (72% of consolidated revenue)
Revenue for Plants increased by 33%, thanks to the acquisitions of Agrifac in
July 2012, Hozelock in October 2012 and Holmer in April 2013. The three
acquisitions generated €93 million in additional revenue.
Over the first nine months and at constant scope, Plant Protection is in line
with last year, thanks to sustained activity during the third quarter. The
decline in sales in Australia and Northern Europe was offset by the 16%
progression in sales in the USA, following the commercial launch of the new
Saritor and Présidio self-propelled sprayers in this market.
The order portfolio remains at a level superior to last year.
*Materials Protection (28% of consolidated revenue)
At constant scope, revenue in Materials protection progressed by more than
13%, a good performance given the depressed market. This increase is the
result of significant billing on the finalization of automobile projects in
Europe and Asia.
The integration of Hozelock-Tricoflex's "industrial technical hoses" activity
into Materials Protection contributed to the 31.9% growth in revenue at
In the export market, the Asia zone - which had experienced sustained activity
during the first half year - recorded a slight decline during the third
quarter. However, activity has improved in the Americas zone since
March-April, following a decline during the first half year.
*Outlook and Strategy
Mr. Guerric Ballu, Chief Executive Officer of the EXEL Industries Group
"Our revenue has increased strongly due to our recent acquisitions. Outside of
this scope effect, our recurrent activity has grown by 3.5%, thanks to a solid
performance by the agricultural sector and significant billing of important
projects in the automobile industry. The crisis in the automobile sector will
impact the next fiscal period in particular, in view of the declining order
portfolio compared to last year. In the consumer watering market for Hozelock,
the cold, wet spring was not conducive to gardening. We have been
consolidating our current beet harvester ranges, Matrot, Moreau and Agrifac,
with those of Holmer since April 2013. In addition, we are currently
undertaking integration and restructuring processes in our beet activity, to
reorganize the business and improve profitability in this difficult sector.
In a difficult economic climate, the EXEL Industries Group has succeeded in
increasing revenue, and the agricultural spraying activity has sustained a
good level, with wheat prices around €200 per metric ton.
We managed the commercial launch of our latest innovations: Saritor
self-propelled sprayer on the U.S. market in agriculture, the FlexiSpray on
watering market Consumer, and Accubell Evo in the industry that received
innovation price of PSA Peugeot Citroen at their ceremony "Awards Suppliers."
All our teams are fully committed to their action plans and the strengthening
of our positions in international markets, which constitute excellent growth
opportunities for the Group."
Next date:Revenue for fourth quarter 2012-2013, on Tuesday October 1, 2013
About EXEL Industries:www.exel-industries.com
World specialist in precision spraying techniques for agriculture (world
leader) and industry (world no.3), EXELIndustries employs around 3,600 people
in 28 countries, over 5 continents.
NYSE-Euronext Paris, Compartment B, CAC Mid&Small, CAC Small
(Mnemo EXE / ISIN FR0004527638)
Guerric BALLU Sylvain ROUSSEAU
Group Chief Group Financial Director / Investor relations
Executive Officer Sylvain.Rousseau@exel-industries.com
Tel: + 33 (0)1 71 70 49 50
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Source: EXEL INDUSTRIES via Thomson Reuters ONE
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