23 February 2017, 14:06
Despite a challenging global machine market, Väderstad AB closes the financial year of 2016 with good results. With a strong start to the new year, the company looks brightly on the future.
- 2016 has been a challenging year with widely differing market situations. Some markets, such as France, have faced the lowest harvest volumes in 40 years. At the same time, other markets such as Russia and Ukraine have benefited from record yields. With our own subsidiaries and partners, Väderstad holds a strong position and we have had a good year 2016, says Jan Engfeldt, CEO of Väderstad AB.
Väderstad AB, who is a part of the Väderstad Group, is represented in 40 countries worldwide. In fiscal year 2016 Väderstad AB including subsidiaries reports a turnover of 200 million euro, of which 85% represents export sales outside of Sweden. The earnings before tax is 12.4 million euro.
Optimistic view on 2017
- We have had a good start to 2017, with sales volumes already ahead of the previous year. Here, we see the positive trends for mainly milk- and oilseed rape prices as positive factors, says Jan Engfeldt.
The development is especially positive in England, Sweden and Ukraine, whilst the situation still is somewhat damped in France and Germany. In the beginning of 2017 Väderstad launches the highly innovative planter Tempo L and the seed drill Spirit R.
- Väderstad remains at the forefront regarding technology and electronic innovations, and we view positively upon the coming year, Jan Engfeldt concludes.