SAME DEUTZ-FAHR closes actually the 2014 with a turnover of € 1,210 million, in line with the 2013 figures, despite the 10% drop registered in European markets.
EBITDA was € 110 million in 2014, compared to € 111 million in 2013, while EBIT went from € 83 million in 2013 to € 75 million in 2014 due to the increase in the value of depreciation generated by the ongoing extraordinary investment plan. Investment grew from € 67.3 million in 2013 to € 97.5 million in 2014, due primarily to the expansion and renewal of the product range and increased participation in the Chinese joint venture. The consolidated Net Income was € 40 million, as compared to € 60 million in 2013, which benefitted from the extraordinary capital gain of about 18 million from the sale of DEUTZ AG shares.
"2014 was an important year for our company,” comments SAME DEUTZ-FAHR CEO Lodovico Bussolati. “We managed to keep our turnover and profitability on target despite the falling European market. All this was made possible by the returns of the investment plan we began in 2010, focused on development of new models and international expansion at industrial and commercial levels."
