Despite Ag Downturn, Krone Increased Sales in FY2016

Sales of Krone forage harvesting equipment in North America kept pace with other markets as the German manufacturer exceeded its revenue forecasts in the 2015-16 financial year ending July 2016.

In contrast to expectations of a drop in group agricultural equipment revenues of about a single digit percentage (Ag Equipment Intelligence, January 2016), Krone actually increased its sales worldwide by €14 million ($14.8 million) or 2.5%.

Over the prior 12 month period, sales…

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