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."
A strong order book at the beginning of the year was a welcome legacy for Kuhn’s commercial activities last year as 2019 ended with only a modest drop in net sales as a challenging North American market dimmed prospects for 2020 figures.
Fueled in part by its growing North American sales, the Kuhn Group reported that, while its net sales in 2013 grew by 5% vs. the previous year, its profits rose by nearly 25% and profit margins increased by 2.5%.
Managers at its parent company Bucher Industries credited Kuhn Group with achieving ‘outstanding profitability’ when it reported record results for the Swiss group and its agricultural equipment division.
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In this episode of On the Record, Pinion Principal Marc Johnson forecasts 4-6% growth in large ag equipment sales in 2023. In the Technology Corner, Noah Newman takes a closer look at Verge Ag’s Equipment Explorer, which was launched at the 2023 Precision Farming Dealer Summit. Also in this episode, a preview of the 10th annual Precision Farming Dealer benchmark study and a look at ag retailer sprayer purchase plans for the year ahead.