CLAAS successfully navigated a tough industry environment and concluded the 2024 financial year with a solid result. Sales at the end of the fiscal year on 30 September 2024 amounted to 5.0 billion euros, a decrease of 19% compared to the previous year. The operating profit before depreciation (EBITDA) reached 584 million euros after 769 million euros in the previous year. The net income for the year was 253 million euros (previous year: 347 million euros). Tight producer prices and elevated interest rates posed considerable challenges for the agricultural sector. Additionally, severe weather conditions and geopolitical tensions have introduced substantial uncertainty, leading farmers and contractors to hesitate in making purchases. These special effects characterized the business development of the agricultural machinery sector in the 2024 financial year.
