CONTENTS

• BOMAG SOLD TO GROUPE FAYAT
• CZECH CONSTRUCTION EQUIPMENT MARKET: RECORD SALES IN 2003
• FRENCH MARKET RECOVERS STRONGLY
• ITALIAN FARM MACHINERY SHOW CONTINUES TRADITION OF INNOVATION
• MANY CHANGES TO BENELUX DEALER NETWORK
• SPANISH MARKET STAYS AT RECORD HIGH LEVELS

• FINANCIAL RESULTS
  • FIRST QUARTER
    • JLG – USA
  • THIRD QUARTER
    • AGCO – USA
    • CUMMINS – USA
    • FINNING – CANADA
    • GEHL – USA
    • TEREX – USA