• 29-OCT-2015

  • SOURCE: CNH Industrial

CNH Industrial 2015 Third Quarter Results

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London (UK) – (October 29, 2015) CNH Industrial N.V. (NYSE:CNHI / MI:CNHI) today announced consolidated revenues of $5,850 million for the third quarter of 2015, down 12.9% compared to Q3 2014 on a constant currency basis (down 24.4% on a reported basis). Net sales of Industrial Activities were $5,549 million in Q3 2015, down 13.3% compared to Q3 2014 on a constant currency basis (down 25.0% on a reported basis). Excluding the negative impact of currency translation, net sales increased for Commercial Vehicles (up 4.6%) confirming a positive trend in EMEA for trucks and buses. This increase was more than offset by the forecasted decline in Agricultural Equipment, driven by lower industry volumes in the row crop sector, primarily in NAFTA and LATAM, slightly offset by favorable net pricing in all regions. Net sales also decreased in Construction Equipment, due to continued negative industry volumes primarily in LATAM, and in Powertrain, due to lower sales to captive customers.