Revenue fell by another 2.5% to just below $6.9bn in Q2 which brought the H1 number to $12.4bn, a decrease of 5.8%. This is only marginally below our projected $12.6bn. The group’s Q2 trading profit was almost unchanged at $454m but EBIT fell by another 7% to $394m. Finally, net profit fell by 33% to $119m which translated into a H1 loss of $410m compared to a profit of $206m in H1 15. Whereas the trading profit is marginally higher than our projected $441m, net earnings are clearly sho
26 Jul 2016
Some profit stabilisation in Q2 16
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Some profit stabilisation in Q2 16
CNH Industrial NV (CNHI:WBO) | 0 0 0.6% | Mkt Cap: 18,994m
- Published:
26 Jul 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Revenue fell by another 2.5% to just below $6.9bn in Q2 which brought the H1 number to $12.4bn, a decrease of 5.8%. This is only marginally below our projected $12.6bn. The group’s Q2 trading profit was almost unchanged at $454m but EBIT fell by another 7% to $394m. Finally, net profit fell by 33% to $119m which translated into a H1 loss of $410m compared to a profit of $206m in H1 15. Whereas the trading profit is marginally higher than our projected $441m, net earnings are clearly sho