Profits on the up for Iveco parent

CNH Industrial reports big jump in sales, profits

iveco stralis

2017 is proving a very successful year for CNH industrial, parent company of Iveco and FPT Powertrains.

The Italian company also boasts the Case brand, famous for its agricultural/construction equipment/vehicles, and leading tractor brand, New Holland.

Related: Special edition Iveco Daily launched

CNH Industrial has reported a 15.3% jump in revenue in the third quarter of 2017 to more than $8.67 billion AUD.

While operating profit on the concerns Industrial Activities increased 41% to $459 million AUD.

The additional revenue for CNH Industrial came on the back of a 20% increase in global commercial vehicle sales for the group.

The financial report highlighting the improving heavy vehicle market in Australia as one of several key drivers of the increased sales.

For the record, Iveco sales in Australia in 2017, as at the end of October, totalled 1,469 units, a near 15% improvement on 2016 sales across the same period.

While the FPT Powertrain division enjoyed a 26.5% jump in sales, interestingly, nearly half 48% of sales of the groups powertrains were to external customers (i.e. not Iveco/New Holland/Case etc.).

And CNH Industrial’s bottom line was also boosted in the quarter by an increase in both construction and agricultural vehicles/equipment sales.

Related: Iveco/FPT unveils Cursor 13 NG engine

Stay up to date with all the latest Iveco News at behindthewheel.com.au.




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