The company saw its revenue falling by 16% to $10.3bn in Q2 which brought the H1 number to $18.4bn, a fall of 22%. The respective EBIT numbers were $785m (-41%) and $1.28bn (-58%). As these numbers are no better than management had expected in April, it is now seeing the full-year numbers coming in at the bottom end of the indicated range.
26 Jul 2016
Continuously deteriorating Caterpillar numbers
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Continuously deteriorating Caterpillar numbers
Volvo AB Class B (VOLVB:PRA) | 0 0 1.2% | Mkt Cap: 328,497m
- Published:
26 Jul 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
The company saw its revenue falling by 16% to $10.3bn in Q2 which brought the H1 number to $18.4bn, a fall of 22%. The respective EBIT numbers were $785m (-41%) and $1.28bn (-58%). As these numbers are no better than management had expected in April, it is now seeing the full-year numbers coming in at the bottom end of the indicated range.