AMAZONE TURNOVER SLIGHTLY UP
Figures for 2016 show an increase on 2015
For the 2016 financial year, the Amazone Group achieved a turnover of 406 million Euros - up from 402 million Euros the year before.
The company point out this result is above average against the other German agricultural machinery manufacturers, which, according to the VDMA, registered in 2016 a drop in turnover of 2%.
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In view of the difficult market conditions, Christian Dreyer and Dr. Justus Dreyer, the directors of Amazonen-Werke, regard this result as very positive. "In comparison with many of our competitors and the sector average, we are very pleased with the turnover in 2016, because the willingness of farmers and contractors to invest was, due to poor commodity prices and also less than average harvests, internationally very restrained.
"With our new developments we have been able to compensate for the associated weaker development of the market and so, in many areas, we have gained new customers to purchase Amazone machinery."
In Russia, Ukraine, Rumania, Spain, in the Baltic region and in Australia, their corresponding turnover has developed well above average. And, on a good level still, say the company, is the turnover in the markets of Germany, Austria, France and England.
Also in 2016, 80% of production went to export, the number of the full-time employees was 1,800, among them 130 trainees and expenditure on research and development remained also at more than 5% of the turnover volume. In terms of the outlook for 2017, despite a restrained market development, the forecast in turnover from the Amazone directors is optimistic. They expect, if the current economic climate is maintained, a slight increase in turnover.
"We are convinced that the growth of the Amazone Group does not solely depend on the general development of the market but also on the increasing demand for our products," the directors said. "With our new ploughs and all the other innovations, we are better positioned than ever before."
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