Trend bucked with increased global sales
8th July 2016
SDF has announced a 15% increase in its global sales (€1,390million) for 2015 compared with 2014.
SDF has announced a 15% increase in its global sales (€1,390million) for 2015 compared to 2014, against a 10% drop in sales for the total agricultural machinery market over the same time period, effectively bucking the trend in an otherwise depressed industry.
The group’s EBITDA was 9%, equivalent to €125million, compared to €110million in 2014, and its net worth grew by 23% to around €50million, compared to €41million in the previous year.
Investments reached record levels at €103million, with the most significant being €41million for the first production stage of the new Lauingen plant, €33million for new products, plus €43million for acquisition of 95% of the joint venture in China.
“With the 2015 positive figures we have achieved the first results of the 2010-2020 strategic plan implemented in 2010,” explains SDF’s Chief Executive Officer, Lodovico Bussolati. “The plan also contains extraordinary investment for the renewal and completion of the product range, and to set up production and commercial activities in China and Turkey.”