Exel Industries Société Anonyme announced earnings results for the 12-months and 13 months ended Sept. 2016. For the 13 months ended Sept. 2016, revenue was EUR 819.3 million, and the current operating income (EBIT) was EUR 59.5 million or 7.2% of revenue. On a 12-month basis from October to September, revenue was EUR 770.9 million with an operating profit of EUR 57.4 million or 7.4%. Excluding the US acquisition, revenue was slightly lower compared to the previous fiscal year but profitability was up from 7.0% to 8.2%. The reduction in sales from the sugar beet harvesters business was offset by industrial precision spraying solutions sales, the effect of the ‘Macron Act’ on sales of agricultural precision sprayers in France and also an increase in sales in Russia, Ukraine and Australia. Operations generated EUR 97.4 million compared to EUR 65 million last year, due to increased profitability and better WCR management. Net financial debt (NFD) at the end of September 2016 stood at EUR 103.6 million. Consequently, net income came in at EUR 34.2 million, versus EUR 31.6 million in the previous year.