CLAAS overcomes hurdles in 2022
In spite of global unrest, supply chain disruptions, and rising interest rates, CLAAS saw an uptick in sales that built on the extraordinary growth of the previous year. The EBITDA margin remains at a high level. Earnings before taxes were lower, mostly due to the conflict in Eastern Europe and supply chain issues.
“The year 2022 has challenged us in every respect. In this difficult mix, we have shown how resilient our business model is. We delivered and proved with a lot of personal commitment that we can measure up to our vision of making customers the best in their field. We have delivered 100% on our harvest promise to our customers. For this, all employees and distribution partners deserve my thanks," says CEO Thomas Böck.
Some of the highlights from 2022 include:
- Strong demand in North America and in Europe
- Challenges in the supply chains overcome with high commitment
- Production and sales network strengthened
- R&D investment hit record high
- Training facilities expanded
For fiscal year 2023, CLAAS anticipates growth despite the present uncertainties. We expect demand for agricultural equipment to remain stable overall in the main sales regions in Middle and Western Europe, as well as in North America. International orders over the coming months will be above average. We see strong growth forecasts in North America, thanks in particular to the broader combine harvester and tractor range. Our investments in the expansion of the global production and sales network – and in innovative technologies such as digitalization, and autonomous farming – will strengthen the market position on a lasting basis.
Full details are available at annualreport.claas.com
Event calendar
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DateEvent
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Jul 25, 2024 - Jul 25, 2024Baltic, SD
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Aug 27, 2024 - Aug 29, 2024Boone, IA
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Jul 16, 2024 - Jul 18, 2024Saskatoon, Saskatchewan
