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PRESS RELEASE GROUPE EXEL INDUSTRIES First half 2020-2021 results Record first half EBITDA and net income June 1 , 2021 EXEL Industries ( M € ) SALES Recurring EBITDA * H1 2019-2020 H1 2020-2021 314.3 8.1 385.2 31.8 % of sales 2.6 % 8.2 % CURRENT OPERATING INCOME ( CURRENT EBIT ) ( 1.1 ) 20.9 % of sales ( 0.3 % ) 5.4 % Non - recurring items ( 28.9 ) ( 0.2 ) Net financial income / ( expense ) ( 6.2 ) 0.3 Tax and share of profit of associates ( 0.2 ) ( 6.7 ) NET INCOME / ( LOSS ) ( 36.4 ) 14.3 % of sales ( 11.6 % ) 3.7 % NET FINANCIAL DEBT ( 156.0 ) ( 119.1 ) Recurring EBITDA = current operating income ( EBIT ) + depreciation and amortization of non - current assets + change in provisions ( excluding provisions on current assets ) + share of profit of associates 2019-2020 2020-2021 Change in value Change in % H1 revenue in € m Reported Reported Reported * like- for - like Reported * like- for- like Agricultural Spraying 156.1 178.2 22.1 25.8 14.1 % 16.5 % Sugar Beet Harvesters 31.8 33.2 1.4 2.1 4.4 % 6.7 % Garden Watering and Spraying 39.3 59.6 20.3 21.1 51.7 % 53.7 % Industrial Spraying 87.1 114.2 27.2 20.1 31.2 % 23.1 % EXEL Industries Group 314.3 385.2 71 69.1 22.6 % 22 % * like - for - like ( LFL ) = at constant foreign exchange rates and scope