The group’s revenue (we use the company’s IFRS accounts as only these allow us to compare the numbers with our universe) fell by a good 2% to $5.84bn in the last quarter while EBIT was also down by slightly more than 2% to $216m. We had expected $5.92bn and $270m. CNHI showed a 5% revenue fall to $18.2bn for the 9M and a 70% EBIT fall to $275m. However, management had to charge a total of $551m to provisions in H1 16 as a result of the EU investigation into illegal truck price fix
31 Oct 2016
Q3 16 was again a disappointment
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Q3 16 was again a disappointment
CNH Industrial NV (CNHI:WBO) | 0 0 0.6% | Mkt Cap: 18,994m
- Published:
31 Oct 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
The group’s revenue (we use the company’s IFRS accounts as only these allow us to compare the numbers with our universe) fell by a good 2% to $5.84bn in the last quarter while EBIT was also down by slightly more than 2% to $216m. We had expected $5.92bn and $270m. CNHI showed a 5% revenue fall to $18.2bn for the 9M and a 70% EBIT fall to $275m. However, management had to charge a total of $551m to provisions in H1 16 as a result of the EU investigation into illegal truck price fix