The timely acquisition of Quicke tractor loader manufacturer Ålö Holding last year – see Ag Equipment Intelligence online April 28, 2020 – cushioned new owner Jost group from the effects of a weak commercial vehicle market.
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.
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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.