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AGCO - Fourth Quarter Results - Investor Relations - 02.2018 - agrartechnik-jobs.de

AGCO Corporation, Duluth, GA, USA / Fendt Deutschland - AGCO GmbH, Marktoberdorf: AGCO Reports Fourth Quarter Results 2017. AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, reported net sales of approximately $2.5 billion for the fourth quarter of 2017, an increase of approximately 20.7% compared to net sales of approximately $2.1 billion for the fourth quarter of 2017.  “Stabilizing market demand and solid operational execution allowed AGCO to meet its financial targets for 2017 and deliver improved results compared to 2016,” stated Martin Richenhagen, AGCO’s Chairman, President and Chief Executive Officer. “Over the past few years, we worked diligently on cost reduction strategies targeted at purchasing actions, factory productivity as well as new product development, which now positions us well to seek new opportunities for growth. Looking forward to 2018, we are forecasting further earnings improvement as industry conditions trend positively from the lower end of the agricultural equipment cycle in key markets. In addition to cost management, we will continue to make long-term investments to raise the efficiency of our factories, improve our service levels and strengthen our product offerings.”  ... read more - lmv-jobboerse - lmv-presse - Manfred Lorenzen, Soest
Quelle: AGCO Corporation / Fendt Deutschland - AGCO GmbH