The manufacturer of engines for agricultural and construction machinery now expects sales to fall by 20% (instead of 10%) in 2015. The company’s new EBIT guidance is for break-even rather than a positive margin of 3%. Consequently, we cannot exclude that both Volvo and CNHI will release profit warnings for the current year as well.
It remains to be seen whether conditions will improve in 2016. We are currently projecting profit recoveries for both companies next year. Although this might be p ....
16 Sep 2015
Revenue and profit warning from Deutz
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Revenue and profit warning from Deutz
Volvo AB Class B (VOLVB:PRA) | 0 0 1.2% | Mkt Cap: 328,497m
- Published:
16 Sep 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
The manufacturer of engines for agricultural and construction machinery now expects sales to fall by 20% (instead of 10%) in 2015. The company’s new EBIT guidance is for break-even rather than a positive margin of 3%. Consequently, we cannot exclude that both Volvo and CNHI will release profit warnings for the current year as well.
It remains to be seen whether conditions will improve in 2016. We are currently projecting profit recoveries for both companies next year. Although this might be p ....