Cnh Industrial returns to profit in 2017 and in the period October – December it registers a net result of 313 million compared to the 249 million losses incurred in 2016.
This was communicated by the company controlled by Exor after the board of directors on the annual financial statements. By virtue of the improvements achieved, the board of directors “intends to propose to the shareholders a dividend of 0,14 euro per share“, equal to a 27% increase over the previous year's coupon. Not only that, based on what was announced, the company intends to reauthorize e increase the share repurchase program to $700 million.
Plus sign for too industrial revenues which in the fourth quarter of 2017 rose by 17% to 7,8 billion euros, a figure higher than the expectations of analysts who expected revenues of 7,01 billion.
Above expectations also theEBIT, up 14% to 468 million, with a ros of 6%, while the adjusted net profit was equal to 197 million, in line with expectations and in the same period of 2016.
down thenet borrowing industrial which, compared to the previous quarter, decreased by 1,7 billion to 0,9 billion.
For 2018, Cnh industrial “It expects industrials net sales revenues to be between $27 and $28 billion and a 30% increase in adjusted diluted earnings per share, expected to be between $0,63 and $0,67. Net industrial debt is expected to be between $0,8 and $1 billion."
A Piazza Affari the title is hit by profit-taking and at 15.30 pm it yields 2,87% to 11,85 euro
