Lemken loved report gross sales throughout its final monetary 12 months with complete gross sales topping out simply in need of €600 million.
This represents a 25% enhance and units a report for the family-owned firm which has been buying and selling for 243 years, there being few, if any, within the equipment sector that may boast such a legacy.
Germany, its residence market, accounts for 20% of the enterprise, the remaining is generated by European and worldwide gross sales, which works to substantiate the newest trade report from CEMA which discovered the nation is the world’s largest equipment exporter with complete gross sales of €13.3 billion in 2021.
Lemken was additionally capable of boast a 4.5% enhance in workers ranges all through its worldwide operation, bringing the overall to 1,773, and it intends to extend that determine additional via recruitment in all elements of its enterprise.
One other main contribution to the corporate’s success is to be made by the corporate’s acquisition of Equalizer, a South African specialist for precision seed drills with a give attention to minimal tillage and no-till farming for large-scale farms.
Nicola Lemken, together with the corporate’s CEO, Anthony van der Ley, acknowledged that provide chain points nonetheless dogged the corporate all through 2022, but on the identical time conceded that farm incomes had been such that farmers had been capable of proceed investing within the newest equipment, regardless of elevated enter prices.
Lemken backs each horses
It was additionally famous that merchandise resembling the brand new Karat 10 cultivator and the corporate’s new plough fashions have additionally pushed demand.
These two instruments mirror each conventional cultivation techniques and extra trendy strategies the place the emphasis is on single- or reduced-pass cultivations which don’t disturb the soil to any nice depth.
The truth that the plough continues to be valued by farmers means that min-till and direct drilling have an extended option to go earlier than reaching the dominance that their supporters assume such strategies deserve.
Earnings drives funding
Lemken will not be resting on its laurels. It continues to put money into a brand new facility in Dinteloord, which manufactures implements for precision hoeing, and is increasing its Haren facility the place it assembles seed drills.
The corporate is anticipating that this development will proceed in 2023, basing this optimism on the excessive stage of present orders it has already obtained, whereas farmers are prone to profit from the more healthy returns from lots of their merchandise.
There’s additionally an consciousness that European agricultural coverage and the expectation of extra regulation will create extra considerations for EU-based farmers, in comparison with worldwide producers.