on EXEL INDUSTRIES (EPA:EXE)
EXEL Industries: First Half 2023-2024 Results
EXEL Industries reported revenue of €492.7 million for the first half of 2023-2024, marking a 2.0% increase compared to the previous period. Despite stable sales figures, the company saw an improvement in profitability, with recurring EBITDA reaching €30.5 million, representing 6.2% of revenue.
Net income remained steady at €4.7 million. The rise in net financial debt to €212.7 million from €176.4 million last year was attributed to increased inventories and new plant construction in Stains, France. However, the company has renewed sufficient credit lines to meet its financial needs.
The outlook for the rest of 2024 includes a stable, slightly rebounding market for agricultural commodities, high sugar prices benefiting beet farmers, and positive expectations for new Garden and Nautical product launches.
R. P.
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