Brief: CNH Industrial confident on full-year margin increase, CFO says

CNH Industrial NV

05/05/2023 15:30

May 5 (Reuters) - CNH Industrial top executives tell
analysts in a post-earnings call:    
    * CEO: THERE MIGHT BE OPPORTUNITIES FOR SMALL ACQUISITIONS
TO
ENABLE US TO GO EVEN FASTER, BUT I FEEL GOOD ABOUT WHERE WE ARE
NOW
    * CFO: WE ARE CONFIDENT THAT OUR MARGINS WILL INCREASE FOR
THE
FULL YEAR
    * CFO: PRICING POWER WILL START FADING YEAR OVER YEAR BUT SO
WILL
COSTS
    * CEO: OVERALL OUR MARKET SHARE IS DOWN IN EUROPE, LOOKING
TO TURN
IT AROUND IN SECOND HALF OF THE YEAR
    * CFO: WE STARTED RAISING PRICES IN H2 2021 AND CONTINUED TO
DO IT
QUARTER AFTER QUARTER, WE DON'T EXPECT THIS TO CONTINUE AT THIS
PACE FOREVER
    * CEO: IT'S NOT GOING TO BE A GREAT YEAR FOR OUR
CONSTRUCTION
BUSINESS BUT IT WILL HAVE A BIT OF HELP FROM THE INFLATION
REDUCTION ACT
    * CEO: UAW STRIKE REALLY DIDN'T HURT US FROM A MARGIN
PERSPECTIVE

Further company coverage:  CNHI.MI   CNHI.N 

 (Reporting by Milan Newsroom)