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AGCO Corporation - Reports Fourth Quarter Results 2016 - February 07.2017

AGCO Corporation, Duluth, Ga.USA: AGCO - Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, reported net sales of approximately $2.1 billion for the fourth quarter of 2016, an increase of approximately 6.9% compared to net sales of approximately $2.0 billion for the fourth quarter of 2015. “The past year was a challenging year due to continued weakening global market demand for agricultural equipment,” stated Martin Richenhagen, AGCO’s Chairman, President and Chief Executive Officer. “Despite these difficult conditions, our solid operational execution during 2016 allowed us to exceed our financial targets and be well-positioned to seek new opportunities for growth. Looking forward to 2017, industry conditions are expected to remain near the bottom of the agricultural equipment cycle in key markets." - read more ... lmv-jobboerse - lmv-presse - Manfred Lorenzen, Soest
AGCO Corporation