German professional farming specialist, Lemken, was able to grow its business in the past year even though conditions proved generally difficult. In 2018 the company’s turnover totalled €380 million, corresponding to a growth rate of 6%. Export sales have remained at an unchanged 77%.
At a turnover increase of 8%, Germany remains Lemken’s strongest performing market. Of all the company’s export markets, France was the most significant market to recover as sales have risen considerably again after a few years. Benelux, Spain and Italy also generated top sales figures for Lemken. Other significant export markets include Canada and the U.S., where the increase in profit has resumed double-digit growth. After six years, India’s production facility has become quite successful and Lemken is happy to report that in 2018 there was a noticeable increase to its 2 to 3-furrow plough sales. Ukraine is another successful market where the company has been able to increase its high turnover figures. Russia was the second largest export market for Lemken in 2018, although sales expectations were not fully met. The most recent, successful markets include Japan with a significant increase in sales, and Australia with its newly re-structured distribution network.
Sales results were generally positive for all product ranges. The plough and compact-disc harrow sector achieved particularly positive growth while seeder and cultivator sales proved equally successful.