Deeres 15% rise

6 March 1998




Deeres 15% rise

FIRST quarter of Deere & Companys fiscal year is reported to have generated a record net income of $203.3m. This is a 15% increase on the same period last year.

Hans Becherer, chairman and chief executive officer, puts the increase down to a significant growth in revenue and continued favourable margins.

"Strong customer response to new products is driving our earnings performance," he says. &#42

FIRST quarter of Deere & Companys fiscal year is reported to have generated a record net income of $203.3m. This is a 15% increase on the same period last year.

Hans Becherer, chairman and chief executive officer, puts the increase down to a significant growth in revenue and continued favourable margins.

"Strong customer response to new products is driving our earnings performance," he says. &#42


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