AGCO Reports 4Q Results

AGCO has reported net sales of approximately $2.2 billion for the fourth quarter of 2010, an increase of 18.7% compared to the fourth quarter of 2009.

Net sales for the full year of 2010 were approximately $6.9 billion, an increase of around 5.8% compared to the full year of 2009. The company’s N. American region reported a sales increase of 47.3% and its S. American region was up 0.9%, both compared to the fourth quarter of 2009.

“AGCO finished 2010 with a robust fourth quarter performance highlighted by strong sales growth and margin expansion,” said Martin Richenhagen, AGCO Chairman, President and Chief Executive Officer. ◆