The group released Q2 15/16 numbers (FYE 31 October) and these show a continuing downward trend, in particular for its Construction & Forestry division and for Financial Services. While revenue of the Agricultural & Turf division was almost unchanged in Q2 (- 0.4% to $5.74bn), revenue of Construction & Forestry fell by 16% to $1.37bn. Turnover of Financial Services was also almost unchanged (-2% to $117m). All of these variations were less strong in Q2 compared to Q1. However, div

20 May 2016
Deere’s revenue and profits continuously under pressure

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Deere’s revenue and profits continuously under pressure
CNH Industrial NV (CNHI:WBO) | 0 0 0.6% | Mkt Cap: 18,994m
- Published:
20 May 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2 -
The group released Q2 15/16 numbers (FYE 31 October) and these show a continuing downward trend, in particular for its Construction & Forestry division and for Financial Services. While revenue of the Agricultural & Turf division was almost unchanged in Q2 (- 0.4% to $5.74bn), revenue of Construction & Forestry fell by 16% to $1.37bn. Turnover of Financial Services was also almost unchanged (-2% to $117m). All of these variations were less strong in Q2 compared to Q1. However, div