CNH Q2 2013 construction equipment sales down 6%

CNH recorded a 6% drop in its construction equipment sales revenue to US$939 million in the second quarter of 2013, compared to $1.001 billion sales revenue over the same period of 2012. Operating profit from the Group’s construction equipment sales was $12 million in Q2 2013, down 29% from the $17 million achieved in Q2 2012 as CNH continued to match production levels to retail demand, while also deploying production efficiency initiatives and improved price recovery.
August 14, 2013 Read time: 2 mins
1595 CNH recorded a 6% drop in its construction equipment sales revenue to US$939 million in the second quarter of 2013, compared to $1.001 billion sales revenue over the same period of 2012.

Operating profit from the Group’s construction equipment sales was $12 million in Q2 2013, down 29% from the $17 million achieved in Q2 2012 as CNH continued to match production levels to retail demand, while also deploying production efficiency initiatives and improved price recovery.

According to CNH, increased sales and pricing in the agricultural equipment segment during Q2 2013 ‘more than compensated’ for reduced sales of its construction equipment, under the 5895 New Holland Construction and 176 Case Construction Equipment brands, during what remains a tough global economic climate, contributing 83% of all Group equipment sales over the three-month period.

Overall, the value of CNH equipment sales between April 1 and June 30 2013 rose 9% to $5.478 billion, compared to $5.026 billion in Q2 2012. Combined agricultural and construction equipment operations’ operating profit in Q2 2013 rose 26% to $659 million from $524 million over the same stage the previous year.

For more information on companies in this article

Related Content

  • Pandemic impact on Wacker Neuson results
    November 6, 2020
    The pandemic is having an impact on Wacker Neuson’s results.
    Read More
  • Wacker Neuson confident of strong financial performance
    May 13, 2014
    Munich-based light equipment manufacturer Wacker Neuson reports a healthy balance sheet despite difficult conditions. The company says that group revenue climbed by 13% for the first quarter, compared with the same period last year. This a new record for the first quarter of €291.6 million, compared with €257.1 million for the same period in 2013. The performance was affected by currency fluctuations as currency values in many emerging markets as well as the US dollar lost ground against the Euro in the fir
    Read More
  • Volvo Construction Equipment sales down 7% in Q3 2013
    October 25, 2013
    Volvo Construction Equipment (CE) sales fell 7% to US$1.929 billion (SEK 12,278 million) in Q3 2013, compared to $2.085 billion (SEK 13,272 million) the same period of last year. The global construction equipment manufacturing giant said the sales dip in July-September 2013 reflects the general downward trend in market conditions. This included lower activities in the global mining industry, which particularly hit sales of large and more expensive products.
    Read More
  • Volvo CE president says 2012 was “reasonable year” despite lack of sales growth
    February 7, 2013
    Sharply reduced global demand for construction equipment in the final three months of last year led to Volvo Construction Equipment’s (CE) full 2012 year sales growing by less than 1%, compared to sales in 2011. Volvo CE sales reached US$10.037 billion (SEK 63,558mn) in 2012, compared to $10.028 billion (SEK 63,500mn) the previous year. Operating income was down to $911.7mn (SEK 5,773mn), from $1.075 billion (SEK 6,812mn) in 2011, operating margin was 9.1% in 2012, down from 10.7% 12 months earlier, and the
    Read More

Highlighted Content