In the fourth quarter of 2023 the CNH Industrial group, listed on Wall Street, recorded a net profit of 617 million dollars, equal to 0.46 dollars per share, higher than the average estimate of analysts, and an increase of 4% compared to the same period of the last year.
Revenues are down by 2% and net sales of industrial activities are down by 5%.
For the whole of last year, net profit stood at 2.38 billion compared to 2.03 billion in 2022, while revenues stood at 24.6 billion (+5%).
The CNH Industrial Board of Directors also approved an additional $500 million share buyback program, which will be launched after the completion of the current buy-back program.
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