Investing during a period of subdued sales in preparation for an anticipated upturn is paying off at Austrian tillage and hay tools manufacturer Poettinger. For its financial year ended July 2018, the company recorded a 15% gain in turnover to €354 million ($413 million), a new record for the business.
Sales last peaked in 2015 at €320 million ($368 million) before sliding 6% in 2016. The company recovered by 2.3% in 2017 to €308 million…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
