Q1 21 results came in well above expectations thanks to a vigorous demand in all segments and regions. The favourable price realisation and capacity optimisation more than offset the headwinds in input costs and should keep doing so for the remainder of the year. In all, with a filled order book, CNH is more confident for FY21 and, thus, upgraded its top-line and FCF guidance.
07 May 2021
Q1 consensus topped; order book suggests a buoyant year ahead
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Q1 consensus topped; order book suggests a buoyant year ahead
Q1 21 results came in well above expectations thanks to a vigorous demand in all segments and regions. The favourable price realisation and capacity optimisation more than offset the headwinds in input costs and should keep doing so for the remainder of the year. In all, with a filled order book, CNH is more confident for FY21 and, thus, upgraded its top-line and FCF guidance.