CNHI released some IFRS numbers, but not detailed accounts. While revenue was bang in-line with our projections, net earnings fell slightly short whereas the EBIT number was marginally higher. As the company reports in US dollars, the strength of this currency took its toll. It intends to pay an unchanged dividend of €0.18. Management sees revenue slightly down or flat at best in 2020 and ‘adjusted diluted’ EPS to range between $0.78 to $0.86 compared to $0.84 generated in 20
07 Feb 2020
2019 profits just short of our expectations
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2019 profits just short of our expectations
CNH Industrial NV (CNHI:WBO) | 0 0 0.6% | Mkt Cap: 18,994m
- Published:
07 Feb 2020 -
Author:
Hans-Peter Wodniok -
Pages:
2
CNHI released some IFRS numbers, but not detailed accounts. While revenue was bang in-line with our projections, net earnings fell slightly short whereas the EBIT number was marginally higher. As the company reports in US dollars, the strength of this currency took its toll. It intends to pay an unchanged dividend of €0.18. Management sees revenue slightly down or flat at best in 2020 and ‘adjusted diluted’ EPS to range between $0.78 to $0.86 compared to $0.84 generated in 20