“Fiscal year 2023 was very successful,” says CLAAS CEO Jan-Hendrik Mohr. “The substantial leap in sales in the past year reflects the high demand for agricultural equipment. Once the supply chain situation eased following the pandemic, we were able to systematically tackle the very high order backlog and deliver our agricultural machinery to our customers around the world, thanks to strong teamwork.”
CLAAS generated sales of €6.1 billion, equating to an increase of just under 25%. “Sales again improved significantly in North America, and especially in Europe,” says CFO Henner Böttcher. “In addition, we managed to more than triple income before taxes.” That particular indicator rose to €522.3 million from €166.3 million in the previous year. Net income increased to €347.1 million. “The successful issuance of €350 million in debt certificates and the increase of the syndicated loan to €850 million with simultaneous extension of duration allowed us to significantly strengthen our financial flexibility,” Böttcher adds.
New products gain recognition – XERION 12 Series large tractors win awards
CLAAS very successfully presented the XERION 12 Series in North America in summer 2023. The most powerful CLAAS tractor of all time stands out, thanks to its newly engineered triangular crawler track units and numerous assistance systems, among other features. Such innovations are being noticed: At Agritechnica, the world’s largest trade fair for agricultural technology, the XERION 12.650 TERRA TRAC was named “Tractor of the Year 2024,” while the entire series was honored with the “Farm Machine 2024” award in the large tractor category. CLAAS also completed its combine harvester product family by launching the EVION, a new series that is especially tailored for small farms. Together with the LEXION and TRION series, CLAAS has the most modern and wide-ranging combine harvester product range on the market.
