Strong forecast from John Deere

Helen Wright

17 May 2012

US manufacturer John Deere said it expected its global sales of construction and forestry equipment to be +20% higher in 2012.

The strong forecast came as John Deere reported robust results for the six months to 30 April, 2012. Construction and forestry sales were up +24% year-on-year to US$ 3 billion, while operating profit jumped +25% to US$ 243 million.

Higher prices and shipment volumes fuelled the growth, despite increased raw material costs and research and development expenses.

John Deere said the 12-month sales forecast also reflected further strength in the rental, energy, material-handling, industrial, and international sectors.

It noted that it was benefiting in particular from growth in sales to independent rental companies, which are upgrading and replenishing their fleets.

Business & Finance Financial results Construction Rental
STAY CONNECTED



Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

CONNECT WITH THE TEAM
Andy Brown Editor, Editorial, UK - Wadhurst Tel: +44 (0) 1892 786224 E-mail: [email protected]
Neil Gerrard Senior Editor, Editorial, UK - Wadhurst Tel: +44 (0) 7355 092 771 E-mail: [email protected]
Catrin Jones Deputy Editor, Editorial, UK – Wadhurst Tel: +44 (0) 791 2298 133 E-mail: [email protected]
Eleanor Shefford Brand Manager Tel: +44 (0) 1892 786 236 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA