Cnh Industrial ended 2015 with a Net income more than halved on an annual basis (248 million euros, against 708 in 2014). This was announced today by the Exor subsidiary active in the agricultural and construction machinery sector.
Despite the progress of profits, after the publication of the quarterly the stock on the stock exchange of the company continues to travel on the rise: +4,2%, at 5,785 euros per share.
As regards the other balance sheet items, last year Cnh Industrial recorded a 20,4% drop in revenues (at 25,91 billion dollars, -9,2% at constant exchange rates).
THEdebt net industrial value at the end of December amounted to 1,6 billion, down by 1,8 billion compared to 30 September 2015 and compared to an initial target of between 2,1 and 2,3 billion.
La liquid assets available at the end of December amounted to 9,3 billion (including 3 billion in available and unused credit lines), up from the 8,9 billion at the end of December 2014.
The Board of Directors of CNH Industrial intends to propose to the shareholders' meeting on April 15th a dividend of €0,13 per share.
As for forecasts for 2016, the company estimates net revenues from industrials will be $23 to $24 billion, with an operating margin of 5,2% to 5,8% and net debt of $1,5 to 1,8 billions of dollars.
