The supervisory board of Same Deutz-Fahr (SDF), headquartered in Treviglio (Bergamo, Italy), has approved the consolidated results for the 2021 financial year.
The company closed 2021 with growth in revenue and EBITDA, both in percentage and absolute terms. More specifically, revenue amounted to 1,481 million euros, up 29% on the previous year (1,146 million euros), which had been affected by the prolonged closure of the Treviglio headquarters for more than two months due to the COVID-19 pandemic, and 17% higher than the revenue euros 1,268 million euros achieved in 2019, the year before the pandemic.
EBITDA also increased to 159 million euros, or 10.8%, up from 9.5% in 2020 and 8.7% in 2019.
Net profits were 62.6 million euros, equal to 4.2%, up on the percentages figures for 2020 (3.4%) and 2019 (3.5%). The net financial position closed with debt of 122 million euros, down almost 55 million euros (-31%) on the previous year. This also confirms the best assessment parameters of financial solidity for 2021.
In 2021, redevelopment projects were initiated at the Ranipet, Châteaubernard, Lauingen and Treviglio sites. The Grégoire plant in Châteaubernard, France and the Ranipet plant in India are still the focus of major investments to revamp their buildings, production systems and logistics.
For the Lauingen site in Germany, the company launched the “MOVE” project that, in line with the new functional and architectural requirements of the “Deutz-Fahr Land” factory, involves the rebuilding of the current offices, covering a surface area of almost 2,000 m2, and completes the investments that started in 2017 with the construction of Deutz-Fahr Land.
Lastly, for the Treviglio site, the Company unveiled the “SAME Campus” project, which will come to full fruition in 2027, for a total value of approximately 25 million euros. The main aims of the architectural project involve the creation of an employee car park, new changing rooms and new office buildings covering a total surface area of 4,000 m2.
Furthermore, in Italy, SDF paid a performance bonus of over 5,000 euros to all its employees, making it once again this year one of the top companies in the country in terms of bonus value. In general, the profitability index has grown by 93% over the last ten years to 1,035 euros.
Both tractor and harvester markets
2021 was characterised by generalised growth across the tractor and harvesting machine market.
The launch of new products, supported by efficacious sales management, allowed SDF to increase its market shares in both Europe (from 10.7% to 11.4%), and Turkey (from 6.6% to 9.7%).
In other countries outside the continent, SDF turnover increased by 356 million euros, up 27.6% on 2020.
In China, the diffusion of the Deutz-Fahr brand improved considerably and the 6W-7W Series, equipped with powershift transmissions and important technical upgrades, were successfully launched.