EXEL Industries (EXE) investor relations material

Executive summary

• Q2 2025-2026 revenue declined by 12.1% year-over-year to €247.2 million, mainly due to lower volumes in Agricultural Spraying and Industry segments.

• Market environment remains challenging, especially in agriculture, with ongoing uncertainty and delayed investments.

• Sugar Beet Harvesting showed growth, while Leisure remained stable and Industry declined.

Financial highlights

• Q2 revenue: €247.2 million, down 12.1% year-over-year; like-for-like decrease of 10.4%.

• Six-month revenue: €380.9 million, down 14.1% year-over-year; like-for-like decrease of 12.2%.

• Agricultural Spraying Q2 revenue fell 20.6%; Industry down 11.1%; Sugar Beet Harvesting up 8.1%; Leisure nearly flat.

Outlook and guidance

• Persistent caution in agricultural markets, especially in Europe, with inflationary pressures from Middle East conflict affecting oil prices.

• Sugar Beet Harvesting faces reduced acreage and lower demand in Europe.

• Leisure segment outlook depends on weather and consumer spending amid rising raw material costs.

• Industry segment impacted by automotive slowdown and raw material price volatility.