Despite an extra two weeks of factory shut-down while Covid-secure work practices were put in place, Väderstad still managed to achieve record sales and earnings in 2020, helped by a “significant lift” in sales in Canada.
The Swedish manufacturer and global distributor of seed drills, planters and cultivations equipment recorded turnover of SEK3.40 million ($407 million), a 1.5% increase from the prior year when sales increased 11% to SEK3.35 million ($399 million).
Strategic cost-saving measures…
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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.
