In This Article:
| Full-year 2023-2024 revenue up 0.5% |
| Q4 revenue | 2022–2023 | 2023–2024 | Change | Change (LFL*) | ||
| Reported | Reported | €m | % | €m | % | |
| AGRICULTURAL SPRAYING | 133.2 | 103.2 | -30.0 | -22.5% | -31.3 | -23.5% |
| SUGAR BEET HARVESTING | 70.7 | 86.6 | +15.9 | +22.4% | +16.8 | +23.7% |
| LEISURE | 23.7 | 22.3 | -1.5 | -6.2% | -3.1 | -13.0% |
| INDUSTRY | 73.6 | 77.9 | +4.2 | +5.8% | +5.0 | +6.8% |
| EXEL Industries Group | 301.2 | 290.0 | -11.2 | -3.7% | -12.6 | -4.2% |
| Annual revenue | 2022–2023 | 2023–2024 | Change (reported) | Change (LFL*) | ||
| Reported | Reported | €m | % | €m | % | |
| AGRICULTURAL SPRAYING | 525.2 | 503.3 | -21.9 | -4.2% | -16.5 | -3.1% |
| SUGAR BEET HARVESTING | 158.6 | 170.0 | +11.3 | +7.1% | +13.1 | +8.3% |
| LEISURE | 143.6 | 134.8 | -8.9 | -6.2% | -16.9 | -11.8% |
| INDUSTRY | 266.8 | 291.3 | +24.4 | +9.1% | +28.3 | +10.6% |
| EXEL Industries Group | 1,094.3 | 1,099.3 | +5.0 | +0.5% | +8.0 | +0.7% |
Fourth quarter 2023-2024
revenue
In the fourth quarter of the 2023–2024 fiscal year, EXEL Industries posted revenue of €290.0 million, down 3.7% on the same period last year, which represented a high basis for comparison.
At constant foreign exchange rates and scope, Group sales fell by 4.2%.
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AGRICULTURAL SPRAYING DOWN 22.5%
The expected drop in deliveries materialized during the fourth quarter, particularly in North America and Australia, after Australia posted particularly strong growth the previous year. Spare parts sales held up well across all brands and regions.
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SUGAR BEET HARVESTING UP 22.4%
In the fourth quarter, the Sugar Beet Harvesting business continued to be buoyed by sales in Europe and North America, while the expected slowdown in Eastern Europe continued. Sales volumes of used machinery and spare parts remained steady.
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LEISURE DOWN 6.2%
The trend changed little in the fourth quarter in a constantly challenging market for the Garden division. Fourth quarter sales improved in Italy and the UK compared to the same period last year, although volumes are low. In the Nautical division, dealers opted for inventory clearance amid a sharply slowing market. Against this backdrop, sales of new boats in the Wauquiez, Rhéa and Tofinou ranges were limited.
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INDUSTRY UP 5.8%
Sales were up again this quarter, driven mainly by automotive deliveries in North and Central America. Sales held up well in Europe, increasing even slightly in the fourth quarter.
Full-year 2023-2024
revenue
EXEL Industries posted full-year 2023–2024 revenue of €1.1 billion, a slight increase of 0.5% representing a growth of 0.7% at constant foreign exchange rates and scope. The scope effect for the full year was €7.2 million, as a result of the Devaux group acquisition in June 2023.