Krone’s Sales Revenue Up 6% in Fiscal Year

Krone reported sales revenue of $1.83 billion in fiscal year 2011-2012, up 6% over the $1.72 billion in the previous year when the Trade and Services division still formed part of the group.

While domestic sales decreased to $608 million (from previous $705 million), export sales increased to $1.2 billion (from previous $1.01 billion), which translates into 33.4% of group sales being generated in the domestic market and about 66.6% in foreign markets.

The Commercial Trailers division (comprising the Krone trailer factory and its subsidiaries) continues to account for the biggest share in the group sales with annual sales worth $1.15 billion (9% increase over the previous year). Krone manufactured approximately 27,000 trailers in the past fiscal year, most of which were marketed in Germany (34%), followed by Scandinavia (23%), central Europe (22%) and eastern Europe (21%).

Record sales are reported by the Agricultural Machinery division (comprising the Agricultural Machinery factory and its subsidiaries), which generated a total $671 million in 2011-2012 (from previous $537 million). The factory at Spelle manufactured more than 20,000 machines, 33% of which were sold on the German market, 35% in central Europe, 17% in eastern Europe and 15% in our overseas markets (including the US, Japan, Australia, New Zealand and China).

"Once again the group reports a remarkable result for fiscal 2011-2012, which is owed to our innovative products, our sound financial situation and the outstanding loyalty of our customers. With both the agricultural machinery and commercial trailers industries being definitely industries of the future, we anticipate a moderate growth from the existing high sales level for the current fiscal year,” said Managing Partner Bernard Krone.

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