German farm implement manufacturer Lemken saw an increase in both turnover and employment figures for 2018, despite difficult conditions.
Its total turnover of €380m corresponded to a growth rate of 6%, while exports outside of Germany remained at an unchanged 77%.
According to Lemken, the dry conditions of 2018 saw order numbers decrease.
Russia took title of second-largest export market, although not meeting its full expectations
Anthony van der Ley, managing director, noted that the turbulent weather had a massive impact on the company’s schedules and planning, leaving suppliers under pressure.
Germany remains the tillage equipment manufacturer’s strongest market, while France, Spain and Italy generated top sales figures for Lemken.
Russia took title of second-largest export market, although not meeting its full expectations.
Lemkens’s Indian production site, in its sixth year, saw a noticeable increase in its two- to three-furrow plough sales.
Overall, Lemken’s plough and disc harrow sector achieved positive growth.
Lemken has invested €8.5m in factory expansion and modernisation, improving factory logistics in particular.
2018 not only saw an increase in turnover, but likewise in staff growth employing an additional 165 people, raising the brand’s total employment figure to 1,635 people.
According to the German manufacturer, the year ahead looks positive, with order numbers on track so far.