As CNHI is a European listed company and as we are using IFRS accounts for almost all the other companies in our universe, we still wait for the Q1 numbers. However, the group’s US-GAAP accounts show a rather poor performance. CNHI’s industrial revenue fell by 10% to $5.08bn and including revenue of the Finance division it was also down by 10% to $5.37bn. Simultaneously, the operating result fell by 18% to $232m and the bottom line shows a net loss of $512m vs. a profit of $22m ge

02 May 2016
US-GAAP accounts show Q1 16 net loss of $512m

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US-GAAP accounts show Q1 16 net loss of $512m
CNH Industrial NV (CNHI:WBO) | 0 0 0.6% | Mkt Cap: 18,994m
- Published:
02 May 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2 -
As CNHI is a European listed company and as we are using IFRS accounts for almost all the other companies in our universe, we still wait for the Q1 numbers. However, the group’s US-GAAP accounts show a rather poor performance. CNHI’s industrial revenue fell by 10% to $5.08bn and including revenue of the Finance division it was also down by 10% to $5.37bn. Simultaneously, the operating result fell by 18% to $232m and the bottom line shows a net loss of $512m vs. a profit of $22m ge