Business Update

ALAMO GROUP EUROPE – UK AGRICULTURAL DIVISION

Business Update – August 2020

At this stage in the year, I wanted to give you an update on the business with all the uncertainty still around Covid-19.

Firstly, I think it is prudent to address the workforce who I wanted to thank personally for the significant and positive response through these very difficult and unprecedented times. This has been a particularly tough year for all of us, and on behalf of the AGE-UK Management Team, I wanted to thank you for your continued support as we battle on together through these incredibly difficult trading conditions.

Whilst we are far from out of the woods, we have seen the order book somewhat stabilise in recent weeks which is a glimmer of good news. However, we cannot get complacent, and I cannot reiterate enough that there is still so much uncertainty surrounding Covid-19 and Brexit.

I cannot say for certain that we are through the worst of it, but I wanted you all to know that we, as a Management Team, are working hard to navigate through these very difficult times.

These are unprecedented times, and we have had to make decisions to protect the health and wellbeing of you all. These decisions were made with the best intentions and with the interests of you, our employees and colleagues who are always at the forefront of our decision-making process.

Thank you all.

Christian Davies
Director & General Manager,