The group’s 2017 accounts did not reveal any positive surprises, except that the dividend is increased to €0.14 instead of our expected €0.13. In fact, Q4 17 profit numbers were disappointing which indicates to us that exports from Europe to most other destinations have suffered from currency weakness there and European profits are rather weak, i.e. CNHI seems to be a net exporter from expensive Europe.
31 Jan 2018
CNHI delivered the expected numbers in 2017
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CNHI delivered the expected numbers in 2017
CNH Industrial NV (CNHI:WBO) | 0 0 0.6% | Mkt Cap: 18,994m
- Published:
31 Jan 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
The group’s 2017 accounts did not reveal any positive surprises, except that the dividend is increased to €0.14 instead of our expected €0.13. In fact, Q4 17 profit numbers were disappointing which indicates to us that exports from Europe to most other destinations have suffered from currency weakness there and European profits are rather weak, i.e. CNHI seems to be a net exporter from expensive Europe.