Vaderstad group turnover exceeds 300 million euro for first time

Väderstad Group’s turnover exceeded 300 million Euro for the first time in the company’s history for the financial year 2018, increasing by 27 percent. Net profit amounted to 11.8 million Euro.

The company also hired more than 150 new employees to keep pace with demand and continued to invest in product development of new and existing products.

Despite some challenging weather conditions – mostly drought – in northern Europe, resulting in lower yields, investment in soil cultivation machines and drills remained high.

A generally positive global economy and low interest rates contributed to a positive volume trend for Väderstad’s products, says Mats Båverud, president and CEO of Väderstad Group.

Order intake for 2018 remained good, 27% better than the previous year for machines and 26% better for spare and wear parts. The market in the industry continues to grow and Väderstad’s sales development has been positive in several parts of the world. Canada, Sweden and Russia top the sales list with the United Kingdom, Germany and Ukraine close behind.

Sales of the precision planter Tempocontinue to grow with pre-season sales for 2019 starting strongly.

“Väderstad’s machines save much effort in the field by performing several operations in one pass. This in turn saves resources and finances for the farmer. Our innovative concepts are appreciated by our customers and we are looking positively at the future,” says Mats Båverud.

 

 

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About The Author

John Swire - Deputy editor of Agronomist and Arable Farmer as well as responsibility for the Agronomist and Arable Farmer and Farm Business websites. After 17 years milking cows on the family farm John started writing about agriculture in 1998 and has since written for a variety of publications and has developed a wide circle of contacts within the industry. When not working John is a season ticket holder at Stoke City and also of late has become a fitness freak, listing cycling, swimming and walking as his exercises of choice.