AGCO’s 1Q Net Sales Slip to $1.6 Billion

On April 28, AGCO Corp. reported net sales of $1,579 million for the first quarter of 2009, compared to $1,786.6 million for the first quarter of 2008. AGCO’s North American sales grew by 12.7% in the period compared to the first quarter of 2008, excluding unfavorable currency translation impacts of 5.8%. In the North American region, stronger sales of balers and tillage equipment produced much of the improvement.

According to the company, the North American…

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