The Financing division reported net earnings of $82m (-33%) for the last quarter and $342m (-31%) for the October 2016 fiscal year. Management blames less-favourable financing spreads, higher losses on residual values and higher provisions for credit losses for the poor divisional results. The consolidated group suffered a 19% net profit fall to $285m in Q4 and 21% to $1.52bn in the full-year. Net sales of the industrial activities continued falling in Q4 (-4.8% to $5.65bn) and in the full-ye
23 Nov 2016
John Deere continues to suffer
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
John Deere continues to suffer
CNH Industrial NV (CNHI:WBO) | 0 0 0.6% | Mkt Cap: 18,994m
- Published:
23 Nov 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
The Financing division reported net earnings of $82m (-33%) for the last quarter and $342m (-31%) for the October 2016 fiscal year. Management blames less-favourable financing spreads, higher losses on residual values and higher provisions for credit losses for the poor divisional results. The consolidated group suffered a 19% net profit fall to $285m in Q4 and 21% to $1.52bn in the full-year. Net sales of the industrial activities continued falling in Q4 (-4.8% to $5.65bn) and in the full-ye