The group’s revenue fell by 13% to $9.57bn in Q4 and by 18% to $38.5bn in the full-year. As total costs were hardly down in Q4, the operating loss amounted to $1.26bn (loss of $175m in Q4 15). However, the latest number included impairment charges of $595m vs. zero a year ago and also a considerable market-to-market loss related to pensions. Excluding the impairment charge, the operating loss was $667m. The full-year EBIT was +$498m compared to a profit of $3.8bn in 2015. The group&rsqu
26 Jan 2017
Dismal 2016 results from Caterpillar
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Dismal 2016 results from Caterpillar
Volvo AB Class B (VOLVB:PRA) | 0 0 1.2% | Mkt Cap: 328,497m
- Published:
26 Jan 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
The group’s revenue fell by 13% to $9.57bn in Q4 and by 18% to $38.5bn in the full-year. As total costs were hardly down in Q4, the operating loss amounted to $1.26bn (loss of $175m in Q4 15). However, the latest number included impairment charges of $595m vs. zero a year ago and also a considerable market-to-market loss related to pensions. Excluding the impairment charge, the operating loss was $667m. The full-year EBIT was +$498m compared to a profit of $3.8bn in 2015. The group&rsqu