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EXEL INDUSTRIES : Q1 2012-2013 : Significant acquisition and a difficult environment in the automotive sector



2012-12-12 06:14:16 -


PRESS RELEASE Epernay, December 12, 2012





 Spraying is our business!





Q1 2012-2013

Significant acquisition
and a difficult environment in the automotive sector



+---------------------------------+-----------+-----------+--------+
| Consolidated data in €m | 2011-2012 | 2012_2013 | Change |
|   | | |   |
+---------------------------------+-----------+-----------+--------+
| Q1 sales (September - November) | 107.8 | 126.9 | 17.7% |
|   | | | |
+---------------------------------+-----------+-----------+--------+
| o/w Plant Protection | 64.9 | 86.8 | 33.7% |
|   | | | |
+---------------------------------+-----------+-----------+--------+
| o/w Materials Protection | 42.9 | 40.1 | -6.5% |
|   | | | |
+---------------------------------+-----------+-----------+--------+


* Plant Protection (68% of consolidated sales)

In Q1 2012-2013 (September through November), sales for Plant Protection came to
€86.8 million, a rise of 33.7%.

Plant Protection sales were boosted by the acquisitions of Agrifac (in July
2012) and Hozelock (in October 2012).
Plant Protection posted sales of €67.8 million on a like-for-like basis, a
positive increase of 4.4% from Q1 last year, which itself benefited from sales
deferred from Q4 2010-2011.
Our farmer customers are exercising caution in their investments, given their
uncertainties (tax, access to credit, CAP, fluctuating grain prices, etc..)
Nonetheless, orders are holding up well at the start of the 2012-2013 financial
year.

* Materials Protection (32% of consolidated sales)

In Materials Protection, sales fell in Q1 2012-2013 to €40.1 million, down 6.5%.
This downturn is owed partly to falling sales in the automotive sector and
partly to the billing of a large-scale automotive project, which was staggered
over the second and third quarters of our financial year.

In an adverse economic environment, particularly in the automotive sector,
orders at the end of November were down year-on-year.

* Outlook and strategy

Mr. Guerric Ballu, CEO of the Exel Industries Group commented:

"In the first quarter of 2012-2013, our figures have been boosted by sales from
the Agrifac and Hozelock acquisitions (the latter acquired in October 2012) and
our sales are thereby continuing to grow, rising 18% compared with 2011-2012.

The acquisition of Hozelock in October 2012 is strategic for the Exel Industries
Group and strengthens our position on the consumer market. Hozelock, which will
be consolidated in our 2012-2013 financial statements, will allow Exel
Industries to balance its market portfolio more evenly, making it less subject
to cyclical fluctuations, and help ensure profitable, sustainable growth.

Our sales fell in Materials but stood firm in agriculture.
Against the backdrop of an economic crisis having a particularly profound impact
on the automotive sector, we are taking a somewhat cautious approach to our
projected sales growth for this year."






Next update: Sales for Q2 2012-13, Friday March 22, 2013.






About Exel Industries: www.exel-industries.com

A worldwide specialist in precision spraying techniques for agriculture (world
leader) and industry (world no.3), Exel Industries employs some 3,200 people in
26 countries across five continents.

NYSE-Euronext Paris, Compartment B, CAC Mid&Small, CAC Small
(Mnemo EXE / ISIN FR0004527638)







                                           YOUR CONTACTS


Guerric BALLU
 Sylvain ROUSSEAU

Group Chief Executive Officer                                    Group
Chief
Financial Officer / Investor Relations

         Sylvain.Rousseau@exel-industries.com

         Tel.: + 33 (0)1 49 40 25 71

EXEL Industries : Q1 2012-2013:
hugin.info/143456/R/1663980/539788.pdf



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