CNHI has been able to increase its ‘adjusted’ EBIT margins in all of its industrial divisions. The margin improvement ranged between 0.7pp in Agricultural Equipment (the single largest operation) and 2.6pp in Construction Equipment (the smallest division). This is the more astonishing as consolidated revenue was down by 4.7%.
07 May 2019
Lower than expected revenue but clearly higher earnings in Q1 19
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Lower than expected revenue but clearly higher earnings in Q1 19
CNH Industrial NV (CNHI:WBO) | 0 0 0.6% | Mkt Cap: 18,994m
- Published:
07 May 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
CNHI has been able to increase its ‘adjusted’ EBIT margins in all of its industrial divisions. The margin improvement ranged between 0.7pp in Agricultural Equipment (the single largest operation) and 2.6pp in Construction Equipment (the smallest division). This is the more astonishing as consolidated revenue was down by 4.7%.