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

  • Strong Q2 profit for Wacker Neuson in 2014
    August 5, 2014
    Wacker Neuson, the Munich, Germany-based manufacturer of light and compact equipment has posted a clear profit increase in the second quarter of 2014, with revenue remaining at the same level as the previous year. The group posted new record revenue and earnings figures for the first six months of the year, and has confirmed its forecast for fiscal 2014.
    Read More
  • Volvo CE reports dip in machine sales
    October 30, 2012
    Volvo CE reports a drop in machine sales of 9% in the third quarter as market demand drops. The company says that it is facing a weakening total market, which was down 11% in the year to August. This has also been combined with increased price competition and has put pressure on its third quarter sales and earnings. The company says it has reacted quickly to a slowing global market by slowing the rate of production in its factories and reducing the number of machines held in stock at its dealerships. This
    Read More
  • Wacker Neuson Q2 2012 profits fall by 38%
    August 21, 2012
    German light and compact equipment manufacturer, Wacker Neuson, saw its second-quarter 2012 profit fall 38% to €13.8 million, down from €22.5 million in Q2 2011. The Munich-based firm’s quarterly earnings per share dropped 37.5% to 0.20 euros from last year's 0.32 euros. On a more positive note the company’s revenue in Q2 2012 quarter rose 6.5% percent to €284.2 million, from €266.9 million euros in the prior-year quarter.
    Read More
  • Europe and Americas drive increase in Volvo Construction Equipment sales
    July 21, 2021
    Volvo Construction Equipment increased year-on-year net sales by 13% in Q2, driven by higher volumes in Europe, North America and South America.
    Read More

Highlighted Content