EXEL INDUSTRIES: Exel Industries :First quarter 2020-2021 revenue: A promising first quarter: 19% growth
First quarter 2020-2021 revenue
Q1 revenue €m
First quarter 2020-2021
revenue of
€142.6 million, up €23.2m (+19.4%) on Q1 2019-2020. Like-for-like sales were €135.6 million, giving organic growth of 13.5%. The performance continues the recovery started Q4 last year. Note that growth was achieved against a Q1 2019-2020 comparison base when only China was confined due to COVID-19.
All geographical areas sustained or grew sales, particularly EMEA following iNTEC s consolidation, but also APAC where Sames Kremlin expanded sales strongly. There was also a healthy resurgence of agricultural spraying in North America. Changes in scope and currency fluctuations added a net €7 million in revenue (scope effect of +€11 million; forex effect of -€4 million).
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