Net sales at Kuhn Group decreased by 7.1 percent in 2020 compared to 2019. The company’s order intake, however, increased by 13.1 percent year-to-year, and its order book increased by 42.8 percent.
“The agricultural machinery market proved resilient in the reporting period,” the company said. “Income among U.S. farmers increased significantly, thanks to generous direct payments. In addition, a strong rise in crop prices towards the end of the reporting period generated new optimism.”
The company attributed the rise in order intake to low dealer inventories at the end of the season.
Member company Kuhn North America is part of the global Kuhn Group.
Member since 1960 | kuhnnorthamerica.com