The company also reported net profit of RON20.8 million (EUR4.2 million) for 2023, down 13.4% from net gain of RON24 million (almost EUR4.9 million) recorded in 2022, as per publicly available data.
The company had an average number of 420 employees in 2023, 26 fewer than in 2022.
In 2003, Maschio Gaspardo built a production unit in the town of Chisineu-Cris, in Arad County, and 19 years later it became the leading farm machinery producer in Romania.