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PRESS RELEASE April 26, 2022
| Second quarter 2021-2022 sales: up 2.0%
Growth in all businesses except Leisure |
| Q2 sales (January 2022–March 2022) |
2020 – 2021 | 2021 –2022 | Change in value (€m) |
Change (%) |
|||
| Reported | Reported | Reported | *Like-for-like | Reported | *Like-for-like | ||
| AGRICULTURAL SPRAYING | 119.7 | 122.1 | +2.4 | +0.9 | +1.9% | +0.8% | |
| SUGAR BEET HARVESTERS | 16.8 | 21.5 | +4.7 | +4.2 | +28.2% | +25.0% | |
| LEISURE | 46.0 | 38.2 | -7.8 | -17.4 | -17.0% | -37.8% | |
| INDUSTRY | 60.2 | 65.7 | +5.5 | +4.2 | +9.3% | +6.9% | |
| EXEL Industries Group | 242.7 | 247.5 | +4.8 | –8.1 | +2.0% | -3.3% | |
*Like-for-like = at constant foreign exchange rates and scope
| HY1 sales (October 2021–March 2022) |
2020 – 2021 | 2021 –2022 | Change in value (€m) |
Change (%) |
|||
| Reported | Reported | Reported | *Like-for-like | Reported | *Like-for-like | ||
| AGRICULTURAL SPRAYING | 178.2 | 186.8 | +8.6 | +6.0 | +4.8% | +3.4% | |
| SUGAR BEET HARVESTERS | 33.2 | 39.2 | +5.9 | +4.9 | +17.9% | +14.9% | |
| LEISURE | 59.6 | 55.2 | -4.4 | -16.5 | -7.3% | -27.7% | |
| INDUSTRY | 114.2 | 125.7 | +11.5 | +8.9 | +10.0% | +7.8% | |
| EXEL Industries Group | 385.2 | 406.9 | +21.6 | +3.4 | +5.6% | +0.9% | |
*Like-for-like = at constant foreign exchange rates and scope
Situation in Ukraine and Russia
The Group has been closely monitoring the conflict in Ukraine and has mobilized its teams to welcome colleagues from the region and their families to western Europe.
EXEL Industries has two agricultural equipment subsidiaries in Ukraine: one in agricultural spraying, the other in sugar beet harvesters. The fall in sales in the second quarter was limited to €4.5 million compared to 2021. In this uncertain climate, the Group expects business to recover only slowly in the short term.
In Russia, the Group is mainly focused on agricultural equipment. Given the need to minimize future impacts on food supply, EXEL Industries is maintaining as much of its activity as possible, in compliance with European rules and applying…
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