A stronger market for tractors, combines and other agricultural machinery in Russia last year helped Ekotechnika and its John Deere dealership group score record revenues.
In mid-January, Spelle, Germany-based Krone reported its 2020-21 fiscal year results. Ag Equipment Intelligence has been charting Krone’s financial data performance for more than 10 years, as summarized below.
On Feb. 8, CNH Industrial reported its fourth quarter and full year 2021 results, the last year of operations prior to the demerger of Iveco Group effective Jan. 1.
Consolidated net sales totaled $24,965,000 for the 2021 fiscal year, which represents a 11.4% increase from consolidated net sales of $22,409,000 for the 2020 fiscal year.
Despite an estimated €10 million ($11 million) hit from Covid-related expenses over the past two years, the Krone Group’s transportation and agricultural equipment businesses secured increased profits on the back of higher turnover in its 2020-21 financial year.
Despite a backdrop of continued Covid-19 related challenges, Claas Group scored a near-19% increase in net sales during the 12-month financial period to the end of September to hit another record level.
Claas increased its revenue in the 2021 fiscal year by 19% to $5,430.4 billion (previous year: $4,575.3 billion). Pre-tax earnings rose to $404.1 million (previous year: $178.9 million).
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.