AGCO increased its sales to $10 billion.

AGCO increased its sales to $10 billion.

last year, net sales of AGCO, the parent company of Challenger, Fendt, MF and Valtra, increased by 12.6% to almost $9.4 billion Last year was the best for the company in North America, where sales grew by more than 16% to almost 2.2 billion compared with the 2017 year. The largest sales growth occurred in the sprinklers, lawns and barns.

As reported on website.

Demand for industrial equipment in Western Europe in 2018 declined slightly, the message says the top Manager of AGCO Martin Richenhagen. However, this has not stopped the company from further sales growth in the region EME by nearly 17% to approximately $5.4 billion (2017:$4.6 billion). Much of the growth was achieved in the key markets of Germany, France and the UK.

Looking ahead, the company expects that the economy of farms in this year's slightly improved in Western Europe, primarily due to favourable wheat prices.


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