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Claas Reports $5.2 Billion in Net Sales for 2024

In Claas’ recently released annual report, the company reported revenue of $5.2 billion in 2024, an 18.7% decrease from $6.7 billion in 2023. This is the first annual sales decline the company has reported over the last 8 years. 

Claas attributed the decline to a “general reluctance of farmers to invest due to lower producer prices for agricultural products and persistently high financing costs.” But, the OEM goes on to note that 2023’s net sales…

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