CNH Industrial’s Q1 net sales declined by 15.3% yoy. Furthermore, the industrial activities fell by 16.8% yoy (to $4.99bn), significantly impacted by the March slowdown. As with most companies, management has not yet provided a renewed guidance for FY20, however, the company is bracing for a worse Q2 in most regions and segments. For the moment (and in line with the company’s current expectations for Q2), we see Q2 20 sales shrinking by about 30% yoy.
11 May 2020
Commercial and Speciality vehicles derailing Q2 sales
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Commercial and Speciality vehicles derailing Q2 sales
CNH Industrial NV (CNHI:WBO) | 0 0 0.6% | Mkt Cap: 18,994m
- Published:
11 May 2020 -
Author:
David Chaucayanqui -
Pages:
3
CNH Industrial’s Q1 net sales declined by 15.3% yoy. Furthermore, the industrial activities fell by 16.8% yoy (to $4.99bn), significantly impacted by the March slowdown. As with most companies, management has not yet provided a renewed guidance for FY20, however, the company is bracing for a worse Q2 in most regions and segments. For the moment (and in line with the company’s current expectations for Q2), we see Q2 20 sales shrinking by about 30% yoy.