The company increased its revenue by 15% to almost $8.0bn in Q1 (November through to January) and the operating result increased by 21% to $769m. Revenue grew disproportionately for construction and forestry machinery (+31% to $2.26bn) but demand was also good for agricultural and turf equipment (+10% to $4.68bn). The rolling 3-month retail sales show unchanged demand for tractors in Europe but a high single-digit increase for combines. In the USA and Canada, demand was up by double-digits fo
15 Feb 2019
Good numbers from Deere
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Good numbers from Deere
CNH Industrial NV (CNHI:WBO) | 0 0 0.6% | Mkt Cap: 18,994m
- Published:
15 Feb 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
The company increased its revenue by 15% to almost $8.0bn in Q1 (November through to January) and the operating result increased by 21% to $769m. Revenue grew disproportionately for construction and forestry machinery (+31% to $2.26bn) but demand was also good for agricultural and turf equipment (+10% to $4.68bn). The rolling 3-month retail sales show unchanged demand for tractors in Europe but a high single-digit increase for combines. In the USA and Canada, demand was up by double-digits fo