Kuhn Group’s parent company, Bucher Industries, reported net sales for Kuhn Group of $1.61 billion, down 5.9% year-over-year, in its 2023 earnings report released March 1.
Bucher Industries’ (parent company for Kuhn Group) third quarter earnings report, released Oct. 26, reported Kuhn Group’s order intake for the first 9 months of the year totaled $944.9 million vs. $1.36 billion in the same period last year.
Bucher Industries, which owns Kuhn Group, released its second quarter 2023 earnings report July 27 and reported Kuhn Group’s net sales for the first half of the year totaled $971.4, up 6.6% year over year.
Kuhn Group is on something of a roll with a generous investment program yielding 86 new machines introduced through 2021-22, with 20 alone being introduced in the coming year.
The 134,500 square feet (12,500 square meters) multi-purpose building in the south-western Voronezh region, has capacity for 3 assembly lines to build tillage implements, seed drills, fertilizer spreaders, sprayers and other equipment for Russian farmers.
A press release from Bucher Industries, Kuhn Group's parent company, stated, "Bucher Industries’ monitoring systems identified an attack by malware on the IT infrastructure of the division Bucher Municipal."
With increasing global reach as companies target exports, the biggest independent European agricultural equipment manufacturers continue to strengthen their position among the titans of the industry.
Thierry Krier, president and CEO of KUHN Group, was elected as new President of CEMA, the European Assn. representing Agricultural Machinery Manufacturers.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.