2005, a year of success for Fendt with 11.390 sold tractors
The 2005 revenues grew by 7.1%.
The net sales of 2005 reached a new record in the 815 billion euros - which amounted to 7.1% more than in the previous year. The increase in net sales was due mainly to a change in product mix. The high percentage of sold tractors of high power increased revenues by tractor. In addition, net sales of the collection equipment, Challenger Germany, units of lifting forks and continuous transmissions and second-hand machinery divisions amounted to approximately 10 per cent. The German company AGCO GmbH expected their incomes at the end of the year 2006 approximately 900 million euros.
Research and development - major investments.
All over the world Fendt is recognised as a leader marking trends in technology and innovation within the sector. It is to keep this trajectory, so AGCO continues to invest heavily in its brand "Premium" Fendt. Expenditures for research and development in 2005 amounted to EUR 28 billion, this year the budget has increased to almost 30 million euros.
Fendt also reached a new record in investment, for example, for new equipment and machinery, as well as for installations and systems of data processing: the investments of the year 2005 totaled 26 million euros. Plans of investment of the company for this year totalling 35 million euros - more than ever.
A part of these investments were allocated to the project "Fendt ahead". At the end of the year 2004 all areas of the facilities of AGCO/Fendt were intensively examined with the help of a management consulting firm. Measures and projects defined jointly to promote the growth and competitive strength are being currently implemented.
With a large number of incoming orders even in summer, the year 2006 can also be a good year for Marktoberdorf AGCO GMBH company from a current point of view. In Germany, original high harvest expectations had to be cut drastically because of the heat and drought in June and July; Despite this, the company expects global prospects are positive that the majority of farmers get income and that there is scope for investment. In general, Fendt expects an increase in registrations of new tractors in a 5 to 10% and that the sales figures of export business remain stable or increase slightly. The growth of sales in Central Europe and Eastern may almost more than compensate for the difficult markets in the countries of the South.
With a great show of product launches, Fendt again claim its leadership as innovator. A total of 21 new models were presented at Wadenbrunn near Würzburg - the largest presentation of this kind of all time. The spokesperson of the Council of administration of Fendt emphasized that no other manufacturer implements modern and innovative technology as consistently as does Fendt and Fendt can increase its market share worldwide with this new attractive line of products.