CNH Industrial N.V. Proposes Dividend for Fiscal 2013; Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Earnings Guidance for the Year of 2014
January 30, 2014 at 12:33 pm EST
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On the basis of estimated 2013 profit and retained earnings available for distribution by CNH Industrial N.V., and subject to formal Board approval of the Group's 2013 financial statements on February 28, 2014, the Board of Directors of CNH Industrial N.V. intends to propose to Shareholders at the Annual General Meeting a dividend of €0.20 per common share, totaling approximately €270 million.
CNH Industrial N.V. announced unaudited consolidated financial results for the fourth quarter and year ended December 31, 2013. For the year, the company reported revenues of €25,778 million against €25,785 million a year ago. Trading profit was €1,985 million against €2,063 million a year ago. Operating profit was €1,868 million against €1,846 million a year ago. Profit before taxes was €1,507 million against €1,460 million a year ago. Profit from continuing operations was €917 million against €900 million a year ago. Profit attributable to owners of the parent was €789 million or €0.63 per diluted share against €791 million or €0.65 per diluted share a year ago. Cash from operating activities was €1,874 million against €1,469 million a year ago. Investments in property, plant and equipment and intangible assets (net of vehicles sold under buy-back commitments or leased out) were €1,490 million against €1,344 million a year ago. Net industrial debt cash at end of the year was €1,592 million against €1,642 million a year ago.
For the quarter, the company reported revenues of €6,934 million against €7,014 million a year ago. Trading profit was €436 million against €435 million a year ago. Operating profit was €388 million against €358 million a year ago. Profit before taxes was €300 million against €240 million a year ago. Profit from continuing operations was €170 million against €156 million a year ago. Profit attributable to owners of the parent was €173 million or €0.13 per diluted share against €143 million or €0.12 per diluted share a year ago.
CNH Industrial expects improved performance in 2014, with revenues flat to up 5% and trading margin between 7.8% and 8.2%. Net industrial debt expected between €1.5 billion and €1.7 billion.
CNH Industrial N.V. is an equipment and services company. The Company is engaged in the design, production, marketing, sale, and financing of agricultural and construction equipment. The Company operates through three segments: Agriculture, Construction and Financial Services. Its Agriculture segment designs, manufactures, and distributes a full line of farm machinery and implements, including two-wheel and four-wheel drive tractors, crawler tractors, grape and sugar cane harvesters, hay and forage equipment, planting and seeding equipment, material handling equipment, and others. Its Construction segment designs, manufactures, and distributes a full line of construction equipment, including excavators, crawler dozers, graders, wheel loaders, backhoe loaders, skid steer loaders, and compact track loaders. Its Financial Services segment offers retail note and lease financing to end-use customers for the purchase of new and used agricultural and construction equipment and components.
CNH Industrial N.V. Proposes Dividend for Fiscal 2013; Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Earnings Guidance for the Year of 2014
CNH INDUSTRIAL N.V. 
