Tillage, Seeder Sales Counters Pottinger’s Hay Tool Drop Off

A significant increase in tillage equipment and seeder sales helped offset a sizeable drop in demand for hay tools — at least in part — as Austrian manufacturer Pottinger faced up to market headwinds.

At €301 million, equivalent to $338.5 million at current exchange rates, the group recorded a 6% decline in revenues in its 2015-16 financial year compared with the prior 12 months.

That compares with a healthy €320 million ($359.8 million) in 2014-15…

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