Cnh Industrial, a company born from the merger between Fiat Industrial and the American company Cnh, recorded in the third quarter of 2013 a net profit down by 14,7% (equal to 248 million euros) compared to last year and a turnover down by '1,5% to about 6,22 billion. These are the data communicated by the same company of which Sergio Marchionne, former CEO of Fiat Chrysler, is president.
Trading profit was 508 million, up from 570 million a year earlier, with a margin on revenues of 8,2% (from 9%). Net industrial debt increased by 228 million to 2,5 billion at the end of September and liquidity stood at 4,9 billion.
2013 targets confirmed: revenues up between 3 and 4%, trading margin between 7,5% and 8,3% and net industrial debt between 1,4 and 1,6 billion.
