EXEL Industries SA (EXE.PA), Wednesday announced financial results for the third quarter, reporting group revenue of 282.1 million euros, down 10 percent from 316.5 million euros in the previous year.
The company attributed this decline to lower volumes in Agricultural Spraying and a foreign exchange impact of 6.3 million euros linked to the sharp depreciation of the dollar over the period.
Looking ahead, the company expects sales to remain stable in Western Europe and continue to grow in North America. However, fewer automotive plants are being built in China.
Currently, Exel's stock is trading at 41.80 euros, down 2.34 percent on the Paris.
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