The Deutz-Fahr and Same parent company saw its revenue reach an all-time high of €1.48b last year. Up nearly 30% on 2020’s €1.14b, 2021’s figure was 17% higher than the pre-covid year of €1.26b in 2019. Net profit for 2021 was €62.6m (4.2% of turnover).
Up on the net profit percentage figures for 2020 (3.4%) and 2019 (3.5%), the company also managed to reduce its debt by almost €55m last year to €122m.
SDF reckons to have increased its European tractor market share from 10.7% in 2020 to 11.4% in 2021. Turnover increased by 27.6% to €356m and SDF invested €63m in R&D last year.
The company’s Italian workforce increased by around 300 last year, bringing the total global number to approx. 4,200. In light of the good financial results, all staff received a €5,000 performance bonus.
