The Väderstad Group, which encompasses worldwide manufacturing and distribution businesses including North American operations based in Langbank, Sask. (production) and Cambridge, Ont. (sales), generated 27% more turnover in its 2018 financial year.
The manufacturer of tillage equipment, precision planters and seed drills in Sweden, and Seed Hawk air seeders in Canada, recorded €300 million ($339 million) for the first time, with net profit amounting to €11.8 million ($13 million).
“The drought in 2018, especially in…
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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.
