Lemken’s positive development in North America, which now includes a fully-fledged subsidiary in the United States, contributed to the German tillage and seeding equipment manufacturer’s all-time record sales in 2021.
Turnover exceeded €400 million for the first time as sales rocketed €81 million ($85.5 million) to €446 million ($470 million), a 22% increase from the prior year and 23% above the average of the previous five years.
Nicola Lemken and the company’s CEO Anthony van…
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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.
