Exel Industries

EXEL Industries reported third-quarter fiscal 2025–2026 revenue of €229.2 million, an 18.7% decline from the prior year, as persistently weak agricultural markets weighed on equipment sales. Agricultural Spraying, the largest segment, fell 17.1% to €95.4 million, while Sugar Beet Harvesting plunged 35.6% to €23.0 million, Leisure dropped 14.2% to €49.7 million, and Industry decreased 16.7% to €61.1 million. Over the first nine months, group revenue reached €610.1 million, down 15.9% reported, with declines concentrated in France and Europe while the Americas held steady and Australia returned to growth. CEO Daniel Tragus noted some encouraging developments but said the group does not anticipate a significant recovery before the second half of the 2026–2027 fiscal year.