Despite contraction in the market and a 7.6% fall in turnover, the the Same Deutz-Fahr Group economic results showed growth both in terms of earnings before tax (EBT) and net profit.

Looking back at 2019, the firm noted that the negative trend in European markets and the weakness of export markets saw a fall in turnover in both tractor and combine harvester sectors. In 2019, the Same Deutz-Fahr Group (SDF) recorded a turnover of €1.268bn.

However, the group stated that its Grégoire grape harvesters performed strongly, recording record turnover of €70.7m – up from €54.9 million – with profits up by 55%.

Spare parts

The company’s spare parts business continues to make a significant contribution to its overall results, and has been boosted by the development of an online sales platform. The group maintained investment and product development at €60m, with a focus on digitalisation of product and sales processes.

The group noted that the COVID-19 pandemic has made its presence felt within all SDF’s global production activities, but measures were put in place at the time to ensure production could continue as lockdown restrictions were lifted.

“Last year was particularly significant for our company, both because of the good earnings performance and the completion of the reorganisation of the sales division, alongside our work on digital transformation projects,” said SDF CEO Lodovico Bussolati.