CNH Industrial forecasts growth for its Construction Equipment business in 2014

CNH Industrial is forecasting improved performance from its Construction Equipment business in 2014 after the overall Group recorded net revenues of €25.8 billion in 2013 – up 4.3% on a constant currency basis on 2012 revenues. Revenues from the Construction Equipment and Agricultural businesses, the former including the globally renowned Case and New Holland brands, were in line with 2012 at €16.006 billion. On a constant currency basis, revenues from Construction Equipment-Agricultural increased by €759
January 31, 2014 Read time: 2 mins
CNH is looking ahead to improved sales performance in 2014 for its Case and New Holland construction equipment brands, as well as other business segments
1595 CNH Industrial is forecasting improved performance from its Construction Equipment business in 2014 after the overall Group recorded net revenues of €25.8 billion in 2013 – up 4.3% on a constant currency basis on 2012 revenues.

Revenues from the Construction Equipment and Agricultural businesses, the former including the globally renowned 176 Case and 5895 New Holland brands, were in line with 2012 at €16.006 billion. On a constant currency basis, revenues from Construction Equipment-Agricultural increased by €759 million (+4.7%) as a result of the strong demand for agricultural equipment, said to be partially offset by challenges faced by CNH Industrial’s Construction Equipment operation.

For Q4 2013, Agricultural and Construction Equipment reported revenues of €3.9 billion, 3% up on a constant currency basis (-3.8% on a reported basis) thanks to a strong agricultural equipment performance, particularly in Latin America. Trading profit for the quarter was €298 million, an increase of €34 million (or 13%) over the same period in 2012, with a trading margin of 7.6% (trading margin of 6.5% for Q4 2012). Agricultural Equipment trading profit increased €14 million over Q4 2012 to €240 million, while Construction Equipment reported a trading loss of €41 million (€40 million loss for Q4 2012).

In further full 2013 year figures, CNH Industrial’s net profit of €917 million was up 2% on the €900 million achieved in 2012. The Group’s just published trading accounts also show Group trading profit was €1.985 billion in 2013, with a 7.7% trading margin in line with the previous year. Meanwhile, net industrial debt stood at €1.592 billion (€1,642 million at December 31, 2012). Group available liquidity totalled €6.3 billion (€6.2 billion at December 31, 2012).

The CNH Industrial Board of Directors is recommending for 2013 a dividend of €0.20 per share, totalling around €270 million.

CNH Industrial expects improved performance in 2014, with projected improved trading in the Construction Equipment, Trucks and Commercial Vehicles businesses, coupled with continued industrial efficiencies, expected to offset forecasted decline in unit demand of agricultural product equipment. Group revenues are tipped to be flat to up 5% and trading margin between 7.8% and 8.2%. Net industrial debt is expected to be between €1.5 billion and €1.7 billion.

For more information on companies in this article

Related Content

  • Road improvement plan laid out for Canada’s Prince Edward Island
    August 1, 2019
    The Canadian Atlantic province of Prince Edward Island will invest around US$170 million over four years to improve roads, including resurfacing 270km of highways. Projects will include the replacement of 18 bridges, according to a statement from Infrastructure Canada, a federal agency through which the central government will funnel $83.5 million towards the work. The province will provide $86.5 million, noted the agency. PEI is one of the three maritime provinces and is the smallest province of Cana
    Read More
  • Manitou bullish for 2011
    March 5, 2012
    Telehandler manufacturer Manitou reports strong financial performance in 2010.
    Read More
  • Wirtgen targets developing markets
    November 28, 2012
    The Wirtgen Group is committed to expanding its presence in “increasingly important” emerging markets, according to joint group president Stefan Wirtgen. Speaking alongside his brother and co-Wirtgen Group president, Jürgen Wirtgen, at a press conference during the recent Wirtgen Mineral Technology Days 2012 event attended by over 1,400 industry professionals from more than 60 countries, Stefan Wirtgen said: “The markets in the last few years have shifted and emerging markets are playing an increasingly imp
    Read More
  • SaMoTer 2026; the countdown starts
    May 19, 2025
    The 32nd SaMoTer, organised by Veronafiere in partnership with Italy's construction equipment association UNACEA and the CECE - Committee for European Construction Equipment - will spotlight the Industry 4.0 revolution sweeping through the construction and earthmoving machinery sector.
    Read More

Highlighted Content