Buhler Industries saw its turnover fall by $79.8 million last year to $245.7 million. Down nearly a quarter on the $325.5 million reported at the end of the previous financial year end on September 30, 2014, the drop was caused mainly by flat sales to Canada, and significant declines in the US. The company blames weak commodity prices and the unstable political environment for reduced sales in Eastern Europe, and overall the company recorded a net loss of $5.3 million in 2015 ($12.5 million profit in 2014). Continued pressure on commodity prices is expected to result in a weaker demand for agricultural equipment this year, which will continue to have an unfavorable impact on Buhler sales and profitability. However, the increased strength of US dollar will provide some relief to the declining margins.
Advertisement