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AGCO REPORTS SECOND QUARTER RESULTS 2016 - decrease of 3.6% - 08.2016

AGCO Corporation, DULUTH, GA: Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, reported net sales of approximately $2.0 billion for the second quarter of 2016, a decrease of pproximately 3.6% compared to net sales of approximately $2.1 billion for the second quarter of 2015. “Challenging market conditions shaped AGCO’s second quarter as our industry continued to operate at a low point in the agricultural equipment cycle,” stated Martin Richenhagen, AGCO’s Chairman, President and Chief Executive Officer. “In the midst of a weaker industry environment, we continued to deliver quality products and service to our customers, while aggressively managing our expenses and working capital. Our second quarter results were highlighted by solid margin performance, especially in our EAME and APAC regions, where operating margins improved during the second quarter compared to the same period in 2015."  ... read more in - lmv-presse - lmv-jobboerse - Manfred Lorenzen, Soest
AGCO Corporation