While the company’s divisional and consolidated revenue numbers fell slightly short of our projections, earnings were about in line. This is odd as earnings generated in other currencies should have suffered when translated into dollars. In fact, CNHI generates more than 50% of its turnover in EMEA and only 25% in North America. Consequently, changing the reporting currency would make sense.
01 Aug 2019
H1 19 earnings were very reasonable
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H1 19 earnings were very reasonable
CNH Industrial NV (CNHI:WBO) | 0 0 0.6% | Mkt Cap: 18,994m
- Published:
01 Aug 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
While the company’s divisional and consolidated revenue numbers fell slightly short of our projections, earnings were about in line. This is odd as earnings generated in other currencies should have suffered when translated into dollars. In fact, CNHI generates more than 50% of its turnover in EMEA and only 25% in North America. Consequently, changing the reporting currency would make sense.