John Deere's operating profit in the third quarter in the construction and forestry division was $107 mn, compared with $113 mn last year. This attributes to a decline of 11 per cent in sales. Despite the decline in the construction and forestry division, total net income rose to $996.5 mn from $788 mn last year. For 2013, Deere's worldwide sale is slated to decline by 8 per cent reflecting their cautious outlook.
Contact: John Deere International GmbH.
Tel: +41 52 632 9600.