EXEL Industries (EXE) Q4 2026 TU earnings summary

Executive summary

• FY2025-2026 revenue fell 13.0% reported and 12.0% like-for-like to €855.7m; persistently weak agricultural and industrial markets weighed on performance.

• Q4 revenue was €245.4m, down 4.7% reported and 5.0% like-for-like; stabilization signs in Australia and North America were not yet evidence of a cycle turnaround.

Financial highlights

• FY revenue declined from €983.0m to €855.7m, a reported decrease of €127.3m; like-for-like decline was €117.7m.

• Q4 revenue declined from €257.5m to €245.4m, a reported decrease of €12.1m; like-for-like decrease was €12.8m.

Outlook and guidance

• Short-term outlook remains cautious: European agricultural markets were still very poor, and management said it was too early to call a turnaround.

• Drastic short-term cost-reduction measures are being implemented to align the cost structure with persistently weak activity.

• Industrial projects postponed to FY2026-2027 are expected to weigh on current-year comparisons and shift activity into the next fiscal year.