AGCO’s Net Sales Rise in Q4

AGCO reported a 20.7 percent increase in net sales for its fourth quarter of 2017 compared to the same quarter last year. Excluding currency translation impacts, net sales for the quarter increased by about 14.8 percent.

Net sales for the full year of 2017 increased by about 12.1 percent compared to 2016.

“Stabilizing market demand and solid operational execution allowed AGCO to meet its financial targets for 2017 and deliver improved results compared to 2016,” said Martin Richenhagen, AGCO’s chairman, president and CEO.

Richenhagan said AGCO in 2018 is forecasting “further earnings improvement as industry conditions trend positively from the lower end of the agricultural equipment cycle in key markets.”