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Mittwoch, 27. April 2016

AGCO Reports First Quarter Results - a decrease of approximately 8.4% - 04-27-16

AGCO - Corporate Headquarters, Duluth, Ga - BUSINESS WIRE AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, reported net sales of approximately $1.6 billion for the first quarter of 2016, a decrease of approximately 8.4% compared to net sales of approximately $1.7 billion for the first quarter of 2015. “AGCO’s first quarter results reflect the cyclicality and seasonality of our industry,” stated Martin Richenhagen, AGCO’s Chairman, President and Chief Executive Officer. “As anticipated, global market conditions continued to weaken, impacting our revenue and margin performance. In addition, our first quarter results reflect the impact of lower production to manage dealer and company inventory levels in advance of the spring selling season.
AGCO - Corporate Headquarters /  ... lmv-jobboerse - lmv-presse - Manfred Lorenzen, Soest