Farm Contractor & Large Scale Farmer
    Twitter LinkedIn
    • FREE Email Newsletters
    • About Us
    • Advertise
    • Subscribe
    • Contact Us
    Twitter LinkedIn
    Podcast
    Farm Contractor & Large Scale Farmer
    • News
      • Arable & Agronomy
      • Dealership News
      • Environmental Land Management Scheme/Policy
      • Event News
      • Health & Safety
      • Machinery
      • People
      • World News
    • Farm Machinery
      • Amenity & Maintenance
      • Cultivations
      • Drilling
      • Grassland Equipment
      • Harvesting
      • Muck & Slurry
      • Sprayers
      • Telehandlers
      • Tractors
      • Tractor of the Year
      • Tyres & Tracks
      • Whatever happened to?
    • Precision Farming
    • Markets & Policy
    • Profiles
      • National Arable and Grassland Awards
      • Company Profiles
      • Reader Profiles
    • Livestock
      • Beef
      • Dairy
      • Sheep
    • Magazines
      1. May 2025 issue
      2. April 2025 issue
      3. March 2025 issue
      4. 2025 Tyre Developments supplement
      5. February 2025 issue
      6. National Arable and Grassland Awards supplement
      7. January 2025 issue
      8. December 2024 issue
      9. November 2024 issue
      10. October 2024 issue
      11. September 2024 issue
      12. August 2024 Issue
      13. 2024 Drills and Seeds supplement
      14. July 2024 Issue
      15. Cereals Supplement
      16. June 2024 Issue
      17. May 2024 Issue
      18. April 2024 Issue
      19. Tyres and Tracks Supplement
      20. March 2024 Issue
      21. National Arable & Grassland Award – Meet the Finalists
      22. February 2024 Issue
      23. January 2024 Issue
      24. December 2023
      25. Agritechnica Preview Supplement
      26. November 2023
      27. October 2023
      Featured

      May 2025 issue available now

      By Matthew TiltMay 1, 2025
      Recent

      May 2025 issue available now

      May 1, 2025

      April 2025 issue available now

      April 1, 2025

      March 2025 issue available now

      February 28, 2025
    • Events
    • Podcast
    Farm Contractor & Large Scale Farmer
    Machinery

    Claas announces record turnover despite market conditions

    Matthew TiltBy Matthew TiltDecember 19, 20223 Mins Read
    Facebook Twitter LinkedIn Email

    Under the difficult conditions of 2022, Claas was able to increase sales by 2.7% to a new high of €4.9 billion (previous year: €4.8 billion). The earnings before tax and depreciation margin was 8.8% compared to 11.1% in 2021, while a decrease in earnings from €357.1 million to €166.3 million was due to geopolitical changes and disrupted supply chains.

    “The year 2022 has challenged us in every respect. In this difficult mix, we have shown how resilient our business model is. We delivered and proved with a lot of personal commitment that we can measure up to our vision of making customers the best in their field. We have delivered 100% on our harvest promise to our customers. For this, all employees and distribution partners deserve my thanks,” said CEO Thomas Böck.

    The strong harvest year and beneficial financing conditions at the start of the year saw strong demand, with positive developments throughout. Claas achieved good sales growth in North America, while in Europe, markets were robust despite slight declines.

    2022 in € million2021 in € million Change in %
    Financial performance
    Net sales4,925.54,797.8+2.7
    Earnings before interest, taxes, depreciation, and amortization (EBITDA)435.7532.1-18.1
    EBITDA as a % of net sales8.8%11.1%-2.3pp
    Income before taxes166.3357.1-53.4
    Net income88.1272.6-67.7
    Statement of cash flows and balance sheet
    Operating cash flow225.5580.5-61.2
    Free cash flow22.2381.5-94.2
    Net liquidity430.0480.5-10.5
    Equity1,8481,717+7.6
    Total assets4,566.14,246.1+7.5
    Employees on reporting date (September 30th)12,11611,957+1.3
    • Christian Radons, Member of the CLAAS Group Executive Board, responsible for Sales and Service
    • Henner Böttcher, Member of the CLAAS Group Executive Board, responsible for Finance and Controlling
    • Thomas Böck, CEO, responsible for Forage, Technology, and Systems

    The company has also pushed ahead with its investment programme, spending €130 million on the expansion of global sales and its production network. The modernisation of Harsewinkel was completed, while a project to increase production capacity and modernise the infrastructure at Bad Saulgau is underway.

    Research and development reached a new high for the company, rising by 6.4% to €279 million. This included the renewal of harvesting machinery and tractors, as well as investment in electronic architecture for increased connectivity.

    As of September 30th, 2022, Claas employed a total of 12,116 people, around 50.4% outside of Germany. The company also employs 792 apprentices, training them in various technical and business professions.

    Looking forward the company anticipates double-digit sales and income growth, despite the present uncertainties. It expects demand to remain stable in the main sales regions, with the number of international orders for the coming months reported to be above average.

    It forecasts strong growth in North America, thanks to the broader combine and tractor ranges, while investment in global production and sales will strengthen the market position.

    Tweet
    Share
    Share
    Pin
    Share. Facebook Twitter LinkedIn Email
    Previous ArticleKuhn fills two new openings to enhance parts supports
    Next Article LNG and Electric tractors take centre stage for New Holland Agriculture
    Matthew Tilt
    • Twitter
    • LinkedIn

    Machinery editor for Farm Contractor & Large Scale Farmer. Matt has worked as an agricultural machinery journalist for five years, following time spent in his family’s Worcestershire contracting business. When he’s not driving or writing about the latest farm equipment, he can be found in his local cinema, or with his headphones in, reading a good book.

    Read Similar Stories

    Kuhn highlights machines available for grant funding

    May 12, 2025

    West Midlands council switches to electric ATVs

    May 12, 2025

    Bunning to showcase spreader range at Royal Highland Show

    May 12, 2025
    Most Read Stories

    Kuhn highlights machines available for grant funding

    May 12, 2025

    West Midlands council switches to electric ATVs

    May 12, 2025

    Bunning to showcase spreader range at Royal Highland Show

    May 12, 2025
    Farm Contractor & Large Scale Farmer

    The UK's leading agricultural machinery journal

    Twitter LinkedIn
    © 2024 MA Agriculture Ltd, a Mark Allen Group company

    Privacy Policy | Cookies Policy | Terms & Conditions

    • Farmers Weekly
    • AA Farmer
    • Poultry News
    • Pig World

    Type above and press Enter to search. Press Esc to cancel.