EXEL Industries sees no meaningful ag equipment market recovery before H2 FY 2026-27

• EXEL Industries flagged no near-term cycle rebound, expecting no significant agricultural equipment recovery before H2 2026-2027.
• Q3 revenue fell 18.7% to EUR 229.2 million, driven by lower agricultural equipment volumes; constant FX and scope revenue declined 18%.
• Agricultural Spraying remained pressured as farmers delayed investment amid lower crop prices, higher input costs, tighter financing; some brands improved late-quarter.
• Industrial Spraying outlook stayed uncertain on fewer projects, with many postponed to next fiscal year; spare parts demand provided support.
• Garden expected to end the year slightly lower versus 2024-2025, following a weaker spring season in Europe tied to weather and softer household demand.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EXEL Industries SA published the original content used to generate this news brief on July 24, 2026, and is solely responsible for the information contained therein.