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AGCO Reports Fourth Quarter Results

Regional Results

AGCO Regional Net Sales (in millions )

 

   

 

Net sales

   

% changefrom 2011

   

% change from2011 due tocurrencytranslation (1)

 
Three months ended December 31, 2012
North America $ 652.3 9.0 % 0.6 %
South America 511.9 14.1 % (15.9 )%
Europe/Africa/Middle East 1,406.5 1.8 % (2.3 )%
Asia/Pacific   132.7 49.1 % (0.3 )%
Total $ 2,703.4 7.4 % (4.0 )%
 

Year ended December 31, 2012

North America $ 2,584.4 46.0 % (0.7 )%
South America 1,855.7 (0.8 )% (15.8 )%
Europe/Africa/Middle East 5,073.7 4.7 % (7.4 )%
Asia/Pacific   448.4 57.9 % (2.8 )%
Total $ 9,962.2 13.6 % (7.7 )%
(1) See Footnotes for additional disclosure
 
 

North America

AGCO’s North American sales grew 19.8% in the full year of 2012 compared to 2011, excluding the impact of unfavorable currency translation and the acquisition benefit from GSI. Elevated levels of farm income continued to support strong industry demand from the professional farming sector and produced healthy growth for AGCO. The most significant increases were in high horsepower tractors, sprayers and hay equipment. The positive contribution of acquisitions, higher sales and margin improvement initiatives all contributed to growth in income from operations of $169.0 million for the full year of 2012 compared to 2011.

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