Germany’s Lemken Reports 4.7% Drop in 2015 Net Profits

Specialty equipment maker, Lemken GmbH & Co., based in Alpen, Germany, reports that its net profits during the past year declined by 4.7% to £327 million ($367.5). The family-owned business manufactures agricultural implements for soil cultivation, seeding and plant protection.

Managing director Anthony van der Ley, noted he was satisfied with Lemken’s performance considering the ongoing difficult market in the ag sector. “2015 brought a lot of uncertainties and fluctuation. The income situation among farmers…

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