Lemken claim strong market position

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Lemken claim they are maintaining a strong market position in a difficult environment.  They achieved net profits of EUR327 million, corresponding to a decrease of 4.7% compared to the prior year.  Global employee numbers increased by 30 to reach 1,307.

Managing Director Anthony van der Ley was satisfied with this achievement and commented:  “2015 brought a lot of uncertainties and fluctuation. The income situation among farmers in Germany, France and the United Kingdom is subdued, due to low prices.”

Sales in the domestic German market correspondingly decreased to EUR 90 million after an outstanding prior year. Internationally, Lemken has, in contrast, been able to sustain the Group’s high level of sales. Most Central European markets, including Poland, Hungary, Romania and Bulgaria, experienced growth and Ukraine surpassed expectations.

Business in Russia, in contrast, suffered from political restrictions and currency movements, and in France, Lemken’s largest international market, farmers’ poor income situation resulted in lower sales.  Sales in the United Kingdom decreased slightly.

Of the total 13,370 implements sold in 2015, ploughs and stubble cultivation implements combined made up the largest portion (23% each), followed by sowing (25%) and crop protection (5%) implements.

New implements to be launched onto the markets in 2016 include the Vega trailed sprayer, the updated Heliodor 9 compact disc harrow (from 3 metres working width now available with up to 16 metres) and the Juwel mounted plough in a version with mechanical tilt control.

Lemken

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