CNHI’s preliminary Q4 US-GAAP accounts showed falling revenue (-2.0% to $7.0bn), EBIT (-50% to $162m), and net profit numbers (-59% to $95m). As a result, the full-year numbers also showed a negative trend (sales: -4% to $24.9bn, EBIT: loss of $9m vs. profit of $567m, net loss of $252m vs. profit of $253m). We are using the group’s IFRS accounts and these are no better. Full-year revenue was down by 4% to $25.3bn, EBIT by 55% to $638m, and net earnings turned around from a profit
31 Jan 2017
All numbers headed south in Q4 16
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All numbers headed south in Q4 16
CNH Industrial NV (CNHI:WBO) | 0 0 0.6% | Mkt Cap: 18,994m
- Published:
31 Jan 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
CNHI’s preliminary Q4 US-GAAP accounts showed falling revenue (-2.0% to $7.0bn), EBIT (-50% to $162m), and net profit numbers (-59% to $95m). As a result, the full-year numbers also showed a negative trend (sales: -4% to $24.9bn, EBIT: loss of $9m vs. profit of $567m, net loss of $252m vs. profit of $253m). We are using the group’s IFRS accounts and these are no better. Full-year revenue was down by 4% to $25.3bn, EBIT by 55% to $638m, and net earnings turned around from a profit