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Thursday, April 25, 2024

Sip Šempeter sales, profit up significantly in 2021

By: P.T., STA

Sip Šempeter, which specialises in the development and production of farm machinery, saw both sales revenue and profit rise in 2021 after a decline a year earlier.

Net sales revenue rose by 30% to EUR 42.1 million and net profit jumped by 46% to EUR 4.2 million. According to director Uroš Korže, this is due to higher productivity, and optimisation and digitalisation of work processes as well as good cost management in the face of inflation.

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