Although Kuhn Group performed significantly better than the overall market in 2015 thanks to good positioning in Europe and U.S., its managers say it could not escape the effects of a sharp downturn in the agricultural sector.
For most, the negative impact of currency translation and the continuing headwinds from agricultural commodity prices meant double digit loses for full-year farm equipment-related net sales.
In a surprise move, on March 4, analysts at RW Baird upgraded Titan Machinery shares to “outperform” from “neutral” and raised its share price target to $16 from $12.
Diversity in its product range and in the markets it serves proved beneficial to Kubota Corp. last year as buoyant sales of compact tractors to homeowners in North America offset a decline in mid-size tractor sales to farmers and helped drive up revenues from outside Japan.
The Memphis, Tenn.-based operations of Krone, one of Europe’s leading hay equipment manufacturers, made a significant contribution to the company’s global sales growth in the 2014-15 financial year ended July 31, in the face of weakening markets.
Ag Equipment Intelligence checked in with several companies that supply metal components to farm equipment manufacturers on business conditions and the outlook for their business in 2016.
John Deere gave its retail sales comment for December 2015 following the release of industry-wide unit sales for the month and year by the Assn. of Equipment Manufacturers on Jan. 12.
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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.