GlobeNewswire

Exel Industries :Third quarter 2020-2021 revenue : A sustained growth rate of 18.4%, in line with our expectations.

Share

PRESS RELEASE                                                                                July 27, 2021


Third quarter 2020-2021 revenue



A sustained growth rate of 18.4%, in line with our expectations.


Q3 revenue in €m2019 ‐ 20202020 - 2021Change in valueChange in %
ReportedReportedReported* like‐for‐likeReported* like‐for‐like
Agricultural Spraying99.6113.814.216.414.3%16.4%
Sugar Beet Harvesters2230.68.68.839.3%39.9%
Garden Watering and Spraying50.149.8-0.3-0.8-0.6%-1.6%
Industrial Spraying38.85516.217.941.9%46.2%
EXEL Industries Group210.4249.238.842.218.4%20.1%

*like‐for‐like = at constant foreign exchange rates and scope

9-month revenue in €m2019 - 20202020 - 2021Change in valueChange in %
ReportedReportedReported* like‐for‐likeReported* like‐for‐like
Agricultural Spraying255.729236.342.114.2%16.5%
Sugar Beet Harvesters53.863.81010.918.7%20.2%
Garden Watering and Spraying89.3109.420.120.322.4%22.7%
Industrial Spraying125.8169.243.43834.5%30.2%
EXEL Industries Group524.7634.4109.8111.320.9%21.2%

*like‐for‐like = at constant foreign exchange rates and scope

Third quarter 2020-2021

With revenue of€249.2 million and growth of €38.8 million (up 18.4%), the third quarter 2020-2021 confirms the positive momentum of the first two quarters. Like-for-like sales were €252.6 million, giving organic growth of 20.1%, even though the end of Q3 2019-2020 was bolstered by an emerging recovery. Sales were at their highest level of the last five years. Currency fluctuations negatively impacted revenue in the amount of €3.4 million.

As has been the case since the start of the year, there was growth in all geographical areas, in EMEA and North America in particular, but also in APAC where Sames Kremlin expanded sales strongly.

  • AGRICULTURAL SPRAYING, revenue of €113.8 million, up €14.2 million, i.e. 14.3%.

This growth results from the continued positive momentum of the self-propelled sprayers and trailed equipment segment, primarily in North America where business grew by almost 30%, but also to varying degrees in all the other regions in which we operate. The shortage of electronic components disrupted our production sites and generated delivery delays of two to three weeks.

  • SUGAR BEEN HARVESTERS, revenue of €30.6 million, up €8.6 million, i.e. 39.3%.

We benefited from the market penetration of the Terra Variant in Germany in particular with a government subsidy program, as well as the positive performance of our spare parts and used machinery sales in Eastern Europe.

  • GARDEN WATERING AND SPRAYING, revenue of €49.8 million, stable with a €0.3 million decrease (down 0.6%).

Despite the pre-ordering by our customers ahead of the season, which led us to growth of almost 52% at the end of H1, revenue remained stable and matched our best historical levels in line with our expectations. Tensions regarding plastic materials and the supply chain in general slightly disrupted our production and delivery operations.

  • INDUSTRIAL SPRAYING, revenue of €55 million, up €16.2 million, i.e. 41.9%.

We continue to benefit from the solid performance of the spare parts and equipment segments, particularly in the furniture sector, as well as the popularity of our new range of products among our customers.

OUTLOOK

Following a third quarter that matched our expectations and an excellent first half, we are predicting a sharp increase in annual revenue despite the high level recorded in the fourth quarter 2019-2020.

  • AGRICULTURAL SPRAYING

Agricultural commodity prices, which continue to trend upward, are encouraging investment among farmers all over the world. The prices of steel and plastics continue to rise and we are adapting our pricing on a case by case basis. The shortage of certain components is causing delivery delays that are not critical at this stage.

  • SUGAR BEET HARVESTERS

The order book remains bigger than at the same point last year and barring delays in certain supplies, the fourth quarter will see a significant increase. This is a direct result of the action plans implemented to develop the Terra Variant range in liquid manure spreading and anaerobic digestion, and international sales of sugar beet harvesters. Sugar beet prices are on the up in Europe thanks to the support of producers. Frost ultimately affected only a small proportion of French sugar beet growing areas.

  • GARDEN WATERING AND SPRAYING

Our order book remains bigger than last year. 2020-2021 annual revenue should reach a record high, even if the wet weather in July weighs slightly on sales. Additionally, for several months now we have suffered from significant tensions on plastics, regarding both price and availability.

  • INDUSTRIAL SPRAYING

The strong trend in the furniture sector continues to reflect the behaviors of households (DIY, home decoration, etc.). However, the recovery in the auto sector remains fragile with, currently, a revival in Asia and an uncertain outlook elsewhere impacted by tensions on electronic component deliveries.

UPCOMING EVENTS

October 28, annual revenue

December 17, full-year results

About EXEL Industries:

EXEL Industries’ core business is agricultural and industrial spraying. The Group also competes in the consumer watering products market and in sugar beet harvesters. The goal of EXEL Industries is to expand in its markets through a policy of constant innovation and an international growth strategy. EXEL Industries employs approximately 3 544 people spread across 27 countries and five continents.

Euronext Paris, SRD Long only – compartment B (Mid Cap)

EnterNext© PEA-PME 150 index (Mnemo EXE / ISIN FR0004527638)

The SFAF presentation is available on the website www.exel-industries.com

This press release is available in French and in English.

Yves BELEGAUD
Group Chief Executive Officer
Yves.belegaud@exel-industries.com
Patrick TRISTANI
C.F.P.O / Investors Relations.
Tel :0682258104
Patrick.tristani@exel-industries.com

2.13.0.0

Attachment

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

DNO Updates North Sea Drilling28.9.2021 08:27:36 CEST | Press release

Oslo, 28 September 2021 – DNO ASA, the Norwegian oil and gas operator, today reported an oil discovery on the Gomez prospect in its operated PL006C license offshore Norway. The exploration well encountered hydrocarbons in the primary target in the Våle Formation of Paleocene Age. The reservoir is a 23 meters thick, homogeneous sandstone of poor to moderate quality. A small amount of oil was recovered during logging. The oil/water contact was not encountered. Based on preliminary assessments, there is uncertainty whether the reservoir can be commercially produced and no estimate of recoverable volumes has been established at this stage. DNO holds a 65 percent interest in the PL006C license and together with its partner Aker BP (35 percent) will study the extensive data collected during the operation before deciding next steps. In a separate announcement, Equinor as operator of license PL159B (DNO 32 percent) has reported that the recently completed Black Vulture exploration well did not

Statkraft sells Andershaw Wind Farm and retains long-term management role28.9.2021 08:10:13 CEST | Press release

- Greencoat UK Wind PLC has purchased 100% of Statkraft’s ownership in Andershaw Wind Farm - Statkraft to retain long-term operations and maintenance as well as asset management - The two companies have also signed an extension of the existing PPA agreement (UK and Norway, 28 Sept 2021) Statkraft, Europe’s largest generator of renewable energy, has today announced the sale of Andershaw Wind Farm in Scotland, to Greencoat UK Wind PLC for a purchase price of £121m (including cash and working capital). Statkraft, who together with Catamount Energy*, began joint development of the project in 2006 and operation in 2017, will maintain day-to-day operation and maintenance, as well as asset management responsibilities until 2037. The company has also negotiated an extension of its existing long-term market access power purchase agreement. * Andershaw Wind Farm (36 MW installed capacity), south of Glasgow, produces enough energy to meet the annual needs of about 26,000 homes. Eivind Torblaa, Vi

Statkraft selger Andershaw Wind Farm i Skottland og fortsetter å drifte vindparken28.9.2021 08:10:13 CEST | Pressemelding

- Greencoat UK Wind PLC har kjøpt hele Andershaw Wind Farm fra Statkraft - Statkraft vil levere alle drifts- og vedlikeholdstjenester for vindparken til Greencoat UK Wind - Partene har også forlenget en eksisterende kraftkjøpsavtale (Oslo/London, 28. september 2021) Statkraft, Europas største produsent av fornybar energi, har solgt Andershaw Wind Farm i Skottland til Greencoat UK Wind PLC for 121 millioner pund, inkludert kontanter og arbeidskapital. Statkraft startet utviklingen av prosjektet i 2006 og vindparken ble satt i drift i 2017. I forbindelse med salget er det avtalt at Statkraft skal fortsette å drifte anlegget, samt levere alle vedlikeholds- og eieroppfølgingstjenester til Greencoat fram til 2037. En forlengelse av den eksisterende kraftkjøpsavtalen er også avtalt. Vindparken som ligger sør for Glasgow har elleve turbiner, en samlet installert effekt på 36 MW og produserer nok fornybar energi til å dekke forbruket i rundt 26.000 britiske husstander. Eivind Torblaa, Vice Pre

Teledyne to showcase comprehensive portfolio of industrial and scientific imaging technology at Vision 202128.9.2021 08:00:00 CEST | Press release

MUNICH, Germany, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Teledyne, a part of Teledyne Technologies [NYSE: TDY], and a global leader in machine vision technology, will exhibit their newest technologies at Vision 2021 taking place October 5-7, 2021 in Stuttgart, Germany. Teledyne will display the world’s most comprehensive, vertically integrated portfolio of industrial and scientific imaging technology including the latest from newly acquired Teledyne FLIR. Visit the Teledyne booth and explore the unmatched capabilities and products from Teledyne’s DALSA, e2v, FLIR, and Lumenera business units. Your one source for unlimited vision will be on display at Stand 8 B10. Teledyne will participate in the Industrial Vision Days with keynote and technology presentations taking place Wednesday, October 6, 2021: At 9:20 AM join Teledyne DALSA’s Matthias Sonder delivering his presentation entitled “Clarity at High Speed” At 4:20 PM be sure to attend Teledyne e2v’s Sergio Morillas speaking about “Highly r

Ahold Delhaize share buyback update28.9.2021 08:00:00 CEST | Press release

Zaandam, the Netherlands, September 28, 2021 – Ahold Delhaize has repurchased 606,980 of Ahold Delhaize common shares in the period from September 20, 2021 up to and including September 24, 2021. The shares were repurchased at an average price of €28.55 per share for a total consideration of €17.3 million. These repurchases were made as part of the €1 billion share buyback program announced on November 4, 2020. The total number of shares repurchased under this program to date is 28,367,721 common shares for a total consideration of € 690.4 million. Download the share buyback transactions excel sheet for detailed individual transaction information from https://www.aholddelhaize.com/en/investors/share-buyback-programs/2021/ This press release is issued in connection with the disclosure and reporting obligation set out in Article 2(2) of the EU Regulation that contains technical standards for buyback programs.

ASM INTERNATIONAL HOSTS INVESTOR DAY, UPDATES Q3 2021 GUIDANCE28.9.2021 07:45:00 CEST | Press release

Almere, The Netherlands September 28, 2021, 7:45 a.m. CET ASM International N.V. (Euronext Amsterdam: ASM) today hosts its 2021 Investor Day. ASM today also announces that the order intake in Q3 2021 is expected to exceed previous guidance. ASM holds today its Investor Day. During this event ASM’s management will provide an update on the company’s strategy, how we are going to create value and drive growth through innovation Highlights include: Targeting revenue of €2.8-€3.4 billion by 2025 (2020-2025 CAGR of 16%-21%), gross margins of 46%-50% in 2021-2025, and operating margins of 26%-31% in 2021-2025;Targeting Net Zero emissions by 2035 and 100% renewable electricity by 2024;1Single-wafer ALD market expected to increase from $1.5 billion in 2020 to $3.1-3.7 billion by 2025;Further capacity expansion of our new manufacturing facility to be production ready by early 2023. “I’m very excited to share the strong prospects for our company during our first Investor Day,” said Benjamin Loh,

ASM INTERNATIONAL AIMS TO ACHIEVE NET ZERO BY 203528.9.2021 07:45:00 CEST | Press release

Almere, The Netherlands September 28, 2021, 7:45 a.m. CET ASM International N.V. (Euronext Amsterdam: ASM) announces today its target to achieve Net Zero emissions by 2035. ASM recognizes the importance of the climate crisis to all stakeholders. Accordingly, this Net Zero aim is a priority in ASM’s sustainability strategy. “We have built a solid foundation of achievements in sustainability over the past years. We now take important steps forward with our sustainability strategy for the next horizon, of which this Net Zero target is a priority, as we strive to make a positive impact in the world.” said Benjamin Loh, CEO of ASM International. The target includes setting science based targets for Scope 1, 2, and 3 Greenhouse Gas (GHG) emissions, with the aim: to reduce emissions as near to zero as possible, to maximize the sourcing of electricity from renewable sources, and to neutralize remaining emissions. As the climate crisis transcends the actions of any one company, industry, or cou