After several years of rapid growth, with a record turnover of 7,0 BSEK in FY23, FY24 proved to be a much more difficult year. Several external factors, such as high interest rates, lower grain prices and deferred investment aid in many key markets have put pressure on many farmers over the past year and significantly weakened their investment opportunities.
– On top of this, difficult weather situations in many parts of Europe have led to historically low harvests in several markets. The unstable political situation, with an ongoing war in Europe, has also continued to play a negative part for our sales. There is no doubt this has been a difficult year for many farmers and the whole industry, but despite this Väderstad Group is still stable in a tough market situation. We continue to work side-by-side with our customers, to develop machines that help them face their daily challenges, says Henrik Gilstring, CEO of Väderstad Group.
Although many markets struggled during the recent year, there are exceptions, like Canada where Väderstad reached record high sales of our Seed Hawk models. In the coming year, new product innovations like Väderstad Proceed and Seed Hawk 600-900C for the European market, will go into production which will be important products for Väderstad moving forward.
Väderstad’s financial year spans from October 1st to September 30th. At the turn of the year, Väderstad had 1 900 employees globally.
This week Väderstad releases the 2024 Sustainability report. With the health and safety of our farmers and employees as our top priority, measures taken during the year have resulted in a reduction of work-related injuries for our employees. During the year we have also implemented measures to reduce the footprint from our own facilities, focusing on energy efficiency. To learn more about our sustainability work and how our machines and methods contribute to a sustainable future, please click the link below: