EXEL Industries: Annual financial results 2023–2024

EXEL Industries closed the 2023-2024 financial year with a turnover of 1.1 billion euros, a slight increase of 0.5%. This increase is 0.7% at constant exchange rates and scopes, despite the challenges of certain divisions. The acquisition of the Devaux group contributed 7.2 million euros to this annual balance sheet.

Agricultural spraying recorded a decline of 4.2%, with lower orders and high stock levels at distributors. However, the beet harvesting sector saw growth of 7.1%, supported by high sugar prices. The leisure sector declined by 6.2%, mainly impacted by the nautical activity and the cessation of sales in Russia.

The industrial division had a positive year with growth of 9.1%, especially in Europe and North America, thanks to new projects and strengthened partnerships. The diversity of EXEL Industries' activities helped to stabilize its performance despite fluctuating economic conditions.