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DGAP-Adhoc: Ekotechnika AG takes over further sales areas of John Deere in Russia

eqs_en 
0 0 14.10.19
DGAP-Adhoc: Ekotechnika AG takes over further sales areas of John Deere in Russia
 

DGAP-Ad-hoc: Ekotechnika AG / Key word(s): Contract/Expansion
Ekotechnika AG takes over further sales areas of John Deere in Russia

14-Oct-2019 / 08:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Ekotechnika AG takes over further sales areas of John Deere in Russia

Additional sales potential of EUR 25 to 35 million

Walldorf, 14 October 2019 - Ekotechnika AG (Primary Market; ISIN: DE000A161234), the German holding company of the EkoNiva-Technika Group, the largest dealer of international agricultural machinery in Russia, is expanding its business and taking over further sales regions of the globally active agricultural machinery manufacturer John Deere in Russia. This was decided today by the Executive Board of Ekotechnika AG. The agreement with John Deere comes into force on 1 November 2019. The regions concerned are Altai and Omsk in Siberia as well as Arkhangelsk, Karelia, the Leningrad region, Pskov, St. Petersburg, Veliki Novgorod and Vologda in the northwest of Russia. The regions form two further large sales regions for Ekotechnika, which both connect to existing regions, including Altai, Russia's second most important agricultural region after Krasnodar. The activities of the EkoNiva Technika Group comprise five major regions in Russia. The management anticipates an additional sales potential of the new regions of EUR 25 to 35 million (total sales revenues in 2017/18 financial year: EUR 164 million).
 

Contact

Ekotechnika AG // Johann-Jakob-Astor-Str. 49 // 69190 Walldorf // T: +49 (0) 6227 3 58 59 60 // E: [email protected]// www.ekotechnika.de
 

Press / Investor Relations

Fabian Kirchmann, Anna-Lena Mayer // IR.on AG // T: +49 (0) 221 9140 970 // E: [email protected]

14-Oct-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Ekotechnika AG
Johann-Jakob-Astor-Str. 49
69190 Walldorf
Germany
Phone: +49 (0) 6227 3 58 59 60
E-mail: [email protected]
Internet: www.ekotechnika.de
ISIN: DE000A161234
WKN: A1R1A1
Listed: Regulated Unofficial Market in Dusseldorf
EQS News ID: 889423

Notierung vorgesehen. / Intended to be listed.
 
End of Announcement DGAP News Service

889423  14-Oct-2019 CET/CEST

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Ekotechnika AG Stock

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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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