Deere Is Expecting Higher Sales Figures for The 2013/14 Financial Year.

Following declines in turnover and results for sales of building and forestry machines in the 2012/13 financial year, Deere is expecting higher sales figures for the 2013/14 financial year. For the Construction & Forestry division, which includes not only the building machinery, skidders, track harvesters, feller-bunchers and loaders manufactured in the USA but also the vehicles and aggregates produced in Europe and New Zealand for timber harvesting on a cut-to-length basis, Deere is forecasting a year-on-year rise in turnover of 10% for the new business year which started on 1 November. Deere justifies this positive outlook with the continued increase in building activity and the associated higher demand for building machinery in the USA. In addition, Deere is expecting higher demand for forestry machinery in the 2013/14 financial year, especially in Europe.