Väderstad reports record earnings

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Swedish cultivation and seeding giant Väderstad has seen a record sales turnover for 2018

Väderstad President and CEO, Mats Båverud; Senior Vice President Global Sales and Marketing, Mattias Hovnert; and Landpower Head of Product – Australia, Paul Birbeck; during their whistle-stop tour to southern NSW last week.
Väderstad President and CEO, Mats Båverud; Senior Vice President Global Sales and Marketing, Mattias Hovnert; and Landpower Head of Product – Australia, Paul Birbeck; during their whistle-stop tour to southern NSW last week
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The company is saying turnover figures exceeded over $474 million last year as well as seeing a 27 per cent jump in sales and $18.65 million  in net profit after financial items.

Väderstad is distributed in Australia by Claas Harvest Centre and independent dealerships, and offer a huge range of ag machines such as Seed Hawk precision air seeding systems, Tempo Rapid seed drills, Carrier disc cultivators and Top Down disc-tine cultivators.

"I am very pleased to report that this growth is purely organic and reflects our commitment to meeting customer needs and our growing global presence," Väderstad president and CEO Mats Båverud says. "More than 90 per cent of our sales were derived from exports."

The company says it is expecting continued growth in 2019 on the back of a reasonably-stable global economy and low interest rates.

"Pre-season sales for 2019 have been strong right across our range and the signals are positive from most of our markets," Båverud says. "Väderstad’s machines are designed to perform several operations in one pass, delivering efficiency and saving resources and capital for the farmer.  

"We have worked hard to making our existing machine more efficient and more user-friendly, our innovative concepts are appreciated by our customers and we are looking positively at the future.

"We are continuing to invest in product development of both new and existing products, so that we can meet the high demands of our customers."

Båverud recently spent a week Down Under, visiting customers and dealerships throughout Victoria and southern NSW.

"Väderstad is driven by the needs of its customers, wherever they are," he says. "We want to understand the unique challenges faced by Australian farmers and strengthen our relationship with our local distributor so that we can work more efficiently to meet the needs of our customers.

"The Australian market is important to us – we need to know more and learn more."

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