Page 1

PRESS RELEASE GROUPE EXEL INDUSTRIES January 26 , 2021 First quarter 2020-2021 revenue A promising first quarter : 19 % growth 2019-2020 2020-2021 Q1 revenue € m Reported Reported Reported Change in value * like- for - like Change in % Reported * like- for - like Agricultural Spraying 56 58.5 +2.4 +3.9 + 4.4 % + 6.9 % Sugar Beet Harvesters 15 16.4 +1.5 +1.9 + 9.9 % + 13 % Garden Watering and Spraying 7.9 13.6 +5.7 +6 + 72.3 % + 76.1 % Industrial Spraying 40.5 54.1 +13.6 +4.4 + 33.4 % + 10.8 % EXEL Industries Group 119.4 142.6 +23.2 +16.2 + 19.4 % + 13.5 % * like - for - like = at constant foreign exchange rates and scope First quarter 2020-2021 The new year began with first quarter ( October - November - December ) 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 ) .