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.
16 Sep 2015
Revenue and profit warning from Deutz
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Revenue and profit warning from Deutz
CNH Industrial NV (CNHI:WBO) | 0 0 0.6% | Mkt Cap: 18,994m
- 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.