CHN Industrial revenues down in 2014
CNH Industrial has posted a Q4 2014 revenue of €7.43 billion (US$8.4 billion) and full 2014 year revenue of €28.85 billion ($32.6 billion) – down on the €8.23 billion ($9.3 billion) and €29.91 billion ($33.8 billion) posted respectively for the same periods of 2013.
Further performance figures released by the globally renowned company, whose Construction Equipment division contains the highly successful Case Construction Equipment and New Holland Construction brands, show net sales of Industrial Activities were $8 billion for the quarter and $31.2 billion for the year ($9 billion and $32.7 billion for the same periods in 2013), down 5.9% and 2.8%, respectively, on a constant currency basis.
Operating profit of Industrial Activities was $376 million for the quarter ($389 million in Q4 2013), with an operating margin at 4.7% (up 0.4 p.p.). For the full year operating profit of Industrial Activities was $1.988 billion ($2.095 billion in 2013). Operating margin stood at 6.4%, flat year on year.
Meanwhile, CNH Industrial net income was $87 million (or $0.06 per share) for Q4 2014 and $708 million (or $0.52 per share) for the full year. Net income before restructuring and other exceptional items was $167 million (or $0.12 per share) for the quarter and $940 million (or $0.69 per share) for the full year, up $50 million compared to Q4 2013 and down $7 million for the full year.
For 2015 CNH Industrial expects net sales of Industrial Activities of approximately $28 billion, with operating margin of Industrial Activities between 6.1% and 6.4%. Net industrial debt in 2015 is expected to be between $2.2 billion and $2.4 billion.