AGCO’s net sales in the fourth quarter of 2021 came in at approximately $3.2 billion, up 16.1% from the fourth quarter of 2020.
AGCO’s net sales for the full year 2021 came in at approximately $11.1 billion, up 21.7% from 2020.
“In 2021, AGCO delivered record results, reflected in significantly higher sales volumes and profit compared with 2020,” said Eric Hansotia, Chairman, President and CEO of AGCO.
The results were driven by improved global demand across the industry and the focused work of the AGCO team, which exceeded its sales plan despite serious supply-chain challenges.
“We believe supply-chain pressures will persist in 2022 and be felt throughout the year. This year we expect sales volumes to grow and margins to improve, as demand across the industry keeps trending positively, and our farmer-focused strategy keeps gaining momentum,” Eric Hansotia said.
Source: AGCO reports record sales (agropravda.com)
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