Core Viewpoint - EXEL Industries Group reported a revenue decline of 10.9% in Q3 2024-2025, primarily due to lower volumes in Agricultural Spraying and foreign exchange impacts from the depreciation of the dollar [3][10]. Revenue Breakdown - **Agricultural Spraying**: Revenue decreased by €36.7 million (-24.2%) in Q3 compared to the previous year, with significant declines in Australia, North America, and France, while Northern and Central Europe showed slight growth [2][4]. - **Sugar Beet Harvesting**: Sales fell by €3.3 million (-8.5%), with new machine sales slightly increasing but not compensating for the decline in used machines [2][5]. - **Leisure**: Revenue increased by €3.9 million (+7.3%), driven by favorable weather conditions, particularly in the United Kingdom [2][6]. - **Industry**: Sales grew by €1.7 million (+2.3%), supported by strong performance in Systems projects and traditional paint application ranges, with varied geographical performance [2][7]. Nine-Month Sales Overview - **Agricultural Spraying**: Total sales for the nine-month period were €310.0 million, down €90.1 million (-22.5%) [2]. - **Sugar Beet Harvesting**: Nine-month sales were €80.2 million, a decrease of €3.2 million (-3.8%) [2]. - **Leisure**: Revenue reached €118.1 million, an increase of €5.7 million (+5.1%) [2]. - **Industry**: Sales totaled €217.3 million, up €3.8 million (+1.8%) [2]. - **Overall Group Revenue**: The total revenue for the nine-month period was €725.5 million, down €83.8 million (-10.4%) [2]. Management Commentary - The CEO noted that the revenue results were in line with expectations, and the company is adapting its cost structure to address the decline in agricultural volumes while maintaining vigilance on tariff policies in North America [10][11]. - The order book has begun to stabilize after two years of decline, indicating potential recovery [11]. Future Outlook - The company anticipates stable sales in Western Europe and growth in North America, contingent on favorable tariff policies [12]. - The modernization of the Stains plant in France is ongoing and expected to be operational by autumn 2025 [12].

Core Viewpoint - EXEL Industries reported a decline in revenue and recurring EBITDA for the first half of 2024-2025, primarily due to lower volumes in Agricultural Spraying, while maintaining a focus on debt reduction and cash flow optimization [5][13]. Financial Performance - Revenue for the first half of 2024-2025 was €443.4 million, down 10.0% from €492.7 million in the same period of 2023-2024 [5][6]. - Recurring EBITDA decreased to €20.3 million, representing 4.6% of revenue, compared to 6.2% in the previous year [7][5]. - Net income was €1.5 million, a decline from €4.7 million in the first half of 2023-2024 [7][5]. Debt and Cash Flow Management - The Group's net financial debt improved by €38 million, standing at €174.5 million compared to €212.7 million in the previous year, due to efforts in reducing working capital requirements (WCR) and inventory levels [9][5]. - Despite a negative change in WCR of €30 million, the Group's focus on cash flow generation and debt reduction remains a priority [9][13]. Segment Performance - Agricultural Spraying revenue fell by €53.4 million, or 21.5%, reflecting a significant decline in volumes [4][6]. - Other segments, such as Sugar Beet and Industrial Spraying, showed stable or slight growth, with Sugar Beet revenue remaining relatively unchanged [4][6]. Future Outlook - Order intake in Agricultural Spraying is showing limited visibility but signs of recovery in Europe, while market conditions for Sugar Beet Harvesting remain uncertain [12][15]. - The Group plans to continue aligning production capacities and cost structures with business levels in response to lower volumes [15][12]. Investment and Capex - Capital expenditures (Capex) amounted to €15.6 million, including ongoing construction of a new plant in Stains, France [10].

Core Viewpoint - EXEL Industries Group reported a revenue decline of 3.8% in Q2 2024-2025, primarily driven by lower volumes in Agricultural Spraying, while other segments showed stability or growth [3][5][13]. Revenue Summary - Q2 revenue for EXEL Industries Group was €281.4 million, down from €292.6 million in the same quarter of the previous year, reflecting a decrease of €11.3 million [3][2]. - For the first half of the fiscal year, total revenue was €443.4 million, a decrease of €49.4 million or 10.0% compared to the previous year [2]. Segment Performance - **Agricultural Spraying**: Revenue decreased by 15.7% to €132.7 million, attributed to low volumes and a cautious market in North America [4][5]. - **Sugar Beet Harvesting**: Sales increased by 47.6%, with all product categories showing growth after resolving production delays [6]. - **Leisure**: Sales remained stable with a slight decrease of 0.1%, supported by strong performance in the Garden segment in the UK [7]. - **Industry**: Revenue grew by 7.5%, with dynamic sales across all product categories, particularly in high viscosity products [8]. Market Outlook - Order intake remains low, but there are signs of recovery in Europe and large-scale crop markets, although uncertainty persists in North America due to economic factors [11]. - The Group is adjusting production capacities and cost structures in response to current market conditions, particularly in North America where pricing policies are under review [11][13]. - The outlook for the Garden segment in 2025 is optimistic, contingent on normal weather conditions, following two years of unfavorable rainfall [11]. Company Profile - EXEL Industries is a French family-owned group focused on designing, manufacturing, and marketing capital equipment, with a strong emphasis on innovation and customer service [14][15].