The cyclical difficulties affecting the global primary sector have also negatively impacted Agco’s financial results in the first quarter of 2024. The American group closed the first three months of the current year with total revenue of $2.928 billion, down 12.1 percent compared to the $3.333 billion achieved in the same period in 2023. Net income also declined, decreasing by 27.7 percent year-on-year, from $232.6 million in the first quarter of last year to $168 million in 2024. As with other industrial groups in the sector, the drop in revenue…
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