Claas Reports Nearly 20 Percent Rise in Revenue

Revenue at Claas increased by 19 percent in fiscal year 2021.

“Claas managed to achieve growth despite the supply-side bottlenecks and the pandemic. We even registered a double-digit rise in revenue and a significant improvement in profitability across all world regions,” said Thomas Böck, chair of the Claas Group Executive Board.

The drivers of last year’s growth in North America and Eastern Europe have been joined by the core markets in Western and Central Europe, including Germany and France, which are important for Claas. The United Kingdom also experienced major growth, despite the significant uncertainty surrounding Brexit.

In its outlook, Claas said it expects the supply situation and price development on the procurement markets to present a greater risk in 2022. Overall, the company anticipates stable demand for agricultural machinery in the most important sales regions during the 2022 fiscal year.

The company forecasts another rise in revenue in 2022 but a “slightly lower result” for the year.