Despite an extra two weeks of factory shut-down while COVID-secure work practices were put in place, Väderstad still managed to achieve record sales and earnings in 2020, helped by a “significant lift” in sales in Canada.
Despite an extra two weeks of factory shut-down while Covid-secure work practices were put in place, Väderstad still managed to achieve record sales and earnings in 2020, helped by a “significant lift” in sales in Canada.
According to its latest earnings report, Doosan Bobcat saw 2020 sales of $3.6 billion, down 6.2% from $3.9 billion in 2019. Earnings before interest and taxes (EBIT) was $334 million in 2020, an 18.4% decrease from $409 million in 2019. Net profit was also down last year, coming in at $210 million vs. $233 million in 2019.
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The latest episode of On the Record is now available! In this week’s episode we take a look at the Chicago Federal Reserve Bank’s fourth quarter survey, which suggests farm equipment loans could increase in 2021. In the Technology Corner, Jack Zemlicka discusses opportunities with early order programs in the midst of ongoing shortages and delays in parts availability. Also in this episode, a closer look at Deere and Kubota’s latest earnings releases and Fendt gains market share in Europe.