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Carraro Reports Decline in 2020 Revenues, Considers Going Private

April 15, 2021 | Posted in Earnings Reports

Last year’s market conditions and OEM factory shutdowns contrived to put a dent in 2020 revenues at the Carraro power transmission group, ending 13% down on the year before at €487 million ($569 million) — the lowest figure since 2009.

Carraro Group Records Lowest Sales in 12 Years

June 30, 2020 | Posted in Earnings Reports

Drive components and specialist tractor manufacturer Carraro Group recorded its lowest turnover in 12 years in 2019 as its principal sectors, agriculture and construction, felt the effects of a general slow-down in the global economy.

EU Ag Equipment Makers Investing in Research and Production Facilities

July 16, 2019 | Posted in Ag Equipment Worldwide

Several of the European Union’s top ag engineering businesses have announced plans to invest in new research, testing and production facilities in the next years.

Carraro Group Reports 3% Increase in FY 2018

March 15, 2019 | Posted in Earnings Reports

Orchard tractor and OEM drivelines manufacturer continued on its recent growth trajectory in 2018, recording a 3% increase in revenues to €624 million ($703.6 million) despite a near 6% fall in tractor sales compared to the previous year.

Increased Shipments to OEMs Boosts Carraro Tractor Business by 18%

June 1, 2018 | Posted in Equipment & Equipment Sales, Mergers & Acquisitions

Off-highway drivelines specialist Carraro Group is “reaping the fruits of a long and complex repositioning and restructuring process,” according to its board chairman as he reported a significant improvement in margins and profitability for the 2017 financial year.

GKN and Carraro See 1H16 Sales Decline, But Maintain Solid Margins

October 1, 2016 | Posted in Earnings Reports, Equipment & Equipment Sales

Power transmission businesses supplying agricultural and construction machinery to OEMs are continuing to feel the pinch as their customers moderate production to match demand.

Growth in Specialty Tractor Sales Helps Carraro Group Through Challenging Times

May 1, 2016 | Posted in Data & Trends, Equipment & Equipment Sales

Increased sales of vineyard and orchard tractors was one bright spot in another challenging year for Carraro Group, supplier of axles, transmissions, gears and related components to OEMs worldwide.

Carraro Ups Investment in India & Italy

December 1, 2013 | Posted in Equipment & Equipment Sales

A new R&D center and an additional assembly line for tractor transmissions was opened by Carraro in India shortly before the group announced a substantial investment in new production facilities at its Italian factories.

Carraro Inks China Deal with AGCO

April 1, 2013 | Posted in Chinese Ag Machinery Market, Equipment & Equipment Sales

Italian engineering group Carraro had a double celebration when it secured a new contract with AGCO and reported improved financials for its mechanical engineering business units.

Carraro Secures $470M CNH Contract for Axles, Transmissions

January 1, 2013 | Posted in Equipment & Equipment Sales

Power transmission specialist Carraro SpA has secured contracts with CNH Global worth $471 million over the next four years.

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Deere Production Could be Down 10-15% Next Year

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.

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