EXEL Industries (EXE) Q3 2025 TU earnings summary

Executive summary

• Q3 2024-2025 revenue declined 10.9% year-over-year to €282.1 million, mainly due to lower volumes in Agricultural Spraying and adverse currency effects.

• Growth was maintained in Leisure (+7.3%) and Industry (+2.3%), while Agriculture and Sugar Beet Harvesting segments declined.

• The group adapted its cost structure and production capacities to address the downturn in agricultural markets.

Financial highlights

• Q3 revenue fell to €282.1 million from €316.5 million year-over-year; nine-month revenue down 10.4% to €725.5 million.

• Negative foreign exchange impact of €6.3 million due to dollar depreciation.

• Like-for-like Q3 sales declined 8.9%.

Outlook and guidance

• Agricultural order book shows early signs of recovery after two years of decline, but remains at low levels.

• North American agricultural market outlook remains uncertain pending tariff policy clarity.

• Leisure segment expected to have a satisfactory year; Industry sales to remain stable in Western Europe and grow in North America.

• Ongoing vigilance regarding US tariff policy and its impact on commercial performance.