CNHI’s Q1 IFRS accounts fell marginally short of our projections. Consolidated revenue increased by 6.5% to $5.83bn (we had expected $5.87bn) and EBIT came in at $192m (compared to a loss of €335m) while we had projected $212m. Net profit after minorities was a positive $20m compared to our $2m. Last year’s Q1 earnings were burdened with €500m of provisions for an EU cartel office fine as CNHI, like other truck producers, had fixed prices in the past.
27 Apr 2017
Q1 numbers no better than expected
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Q1 numbers no better than expected
CNH Industrial NV (CNHI:WBO) | 0 0 0.6% | Mkt Cap: 18,994m
- Published:
27 Apr 2017 -
Author:
Hans-Peter Wodniok - Pages:
CNHI’s Q1 IFRS accounts fell marginally short of our projections. Consolidated revenue increased by 6.5% to $5.83bn (we had expected $5.87bn) and EBIT came in at $192m (compared to a loss of €335m) while we had projected $212m. Net profit after minorities was a positive $20m compared to our $2m. Last year’s Q1 earnings were burdened with €500m of provisions for an EU cartel office fine as CNHI, like other truck producers, had fixed prices in the past.