CNHI released results which stated shrinking H1 20 revenue (-21.4% yoy), negatively impacted by its commercial and speciality vehicles segment (-26.6% yoy). This contraction translated into net income of €-1.3bn (vs. €654m in H1 19) and FCF of €-1.3bn (vs. €-541m in H1 19). For the outlook, the company expects FY20 revenue for its Industrial activities to reach €20.9-22.2bn, while keeping a negative FCF (despite its expectations of cash generating FCF in H2 20).
03 Aug 2020
Agriculture leading the path, a long path, to recovery
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Agriculture leading the path, a long path, to recovery
CNH Industrial NV (CNHI:WBO) | 0 0 0.6% | Mkt Cap: 18,994m
- Published:
03 Aug 2020 -
Author:
David Chaucayanqui -
Pages:
3
CNHI released results which stated shrinking H1 20 revenue (-21.4% yoy), negatively impacted by its commercial and speciality vehicles segment (-26.6% yoy). This contraction translated into net income of €-1.3bn (vs. €654m in H1 19) and FCF of €-1.3bn (vs. €-541m in H1 19). For the outlook, the company expects FY20 revenue for its Industrial activities to reach €20.9-22.2bn, while keeping a negative FCF (despite its expectations of cash generating FCF in H2 20).