The group’s consolidated revenue increased by 15% to almost $8.0bn in Q1 (Nov 18 through Jan 19). This allowed the pre-tax profit margin to increase from 7.5% to 8.4%. With a ‘normalised’ tax rate of 27%, net earnings were a positive €499m compared to the previous year’s loss of €535m which was burdened by the US income tax reform. The manufacturing divisions contributed to the pre-tax profit increase. Agricultural & Turf increased turnover by 10% to $4.6
01 Mar 2019
Deere & Comp achieved a further margin increase
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Deere & Comp achieved a further margin increase
CNH Industrial NV (CNHI:WBO) | 0 0 0.6% | Mkt Cap: 18,994m
- Published:
01 Mar 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
The group’s consolidated revenue increased by 15% to almost $8.0bn in Q1 (Nov 18 through Jan 19). This allowed the pre-tax profit margin to increase from 7.5% to 8.4%. With a ‘normalised’ tax rate of 27%, net earnings were a positive €499m compared to the previous year’s loss of €535m which was burdened by the US income tax reform. The manufacturing divisions contributed to the pre-tax profit increase. Agricultural & Turf increased turnover by 10% to $4.6