Accounts up for the first nine months of the year for CNH Industrial. Which closed the period with adjusted earnings for 899 million dollars. The 2019 estimates were revised </p><div>
<! - <EdIndex> -><p><img style="float: left;" src="http://www.soldionline.it/pictures/2019/05/08/cnh-industrial_2.jpeg" alt="cnh-industrial_2" width="200" /><strong>CNH Industrial</strong> closed the first 9 months of 2019 with revenues of $ 20.38 billion, down 5.2% compared to $ 21.05 billion for the same period last year.
The net profit for the period of the group that produces agricultural, industrial and construction machinery amounted to 1.33 billion euros, a significant increase (+ 58.6%) compared to 841 million dollars, in the same period of 2018.
The adjusted profit figure touched 899 million, up 9.2% (76 million dollars) compared to 823 million in the same period of 2018. Earnings per share reached 97 cents from 60 in the same period of 2018. Adjusted earnings rose from 58 to 64 cents .
Net industrial debt, at the end of September, was 2.4 billion dollars, up 0.9 billion dollars compared to 30 June 2019 due to the seasonal increase in working capital.
Total debt of $ 23.9 billion decreased from € 24.4 billion of dollars as of June 30, 2019.
CNH Industrial has revised its goals for the entire 2019 considering that "in the third quarter the demand conditions in the main agricultural markets deteriorated further due to the uncertainties of the market and the negative sentiment of farmers, which was particularly influenced by poor performance conditions in different geographical areas".
Thus the year should close with net revenues of the industrial activities reviewed between 26.5 and 27 billion dollars and an adjusted diluted earnings per share confirmed year-on-year between 5% and 10% in the range between $ 0.84 and $ 0.88 per share. The net debt of industrial activities at the end of 2019 is revised between 0.6 and 0.4 billion dollars, a figure that mainly reflects the activity of M&A announced starting from 3 September.
Previous estimates, indicated in the half-year report, forecast net revenues of industrial activities between 27 and 27.5 billion dollars, with sales up year on year between 1% and 2% at constant exchange rates, diluted earnings per share adjusted year on year on year between 5% and 10% in the range between 0.84 and $ 0.88 per share and a net debt of industrial assets at the end of 2019 between 0.4 and 0.2 billion dollars.
<! – ->
</div></pre>
Source link
https://www.soldionline.it/notizie/azioni-italia/cnh-industrial-9-mesi-2019
Dmca
