(Boursier.com) — Exel Industries reveals a turnover of 200.1 million euros for its first quarter 2023-2024, up 8.1%, mainly driven by organic growth in beet harvesting and industry. At constant scope and exchange rates, growth was 11.0%. Resulting from the acquisition of the Devaux group in June 2023, the scope effect contributes 1.3 million euros to turnover this quarter.
Daniel Tragus, Managing Director of the group, declares: “EXEL Industries achieved a good first quarter on a very high basis of comparison and continues its growth dynamic, particularly in the agricultural and industrial sectors. The sustained demand for our products allows us to ‘have an order book that is still in good shape, although shorter than last year. In the current macroeconomic conditions, the uncertain geopolitical situation and faced with the decline in the prices of agricultural raw materials, the Group nevertheless remains attentive to developments in its markets “.
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