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CNH Industrial announces publication of combined financial figures

The off-highway business’s combined financial information is prepared under US GAAP and in US dollars and is unaudited. (Image source: Adobe Stock)

CNH Industrial has announced the publication of a presentation containing combined financial figures for the period ending 31 December 2019; 31 December 2020 and 30 September 2021 for both the off-highway and on-highway businesses, in order to assist investors in understanding the impact of the Demerger

The off-highway business’s combined financial information is prepared under US GAAP and in US dollars and is unaudited. The on-highway business’s combined financial information is prepared under IFRS and in Euros, and figures related to September year-to-date 2021, as well as any non-IFRS financial measures, are unaudited.

CNH Industrial N.V. is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions.

Iveco Group, after the completion of the demerger announced on 11 November 2021 (and expected to be effective on 1 January 2022), will be the parent company of the trucks and specialty vehicles, powertrain and related financial services businesses currently held by CNH Industrial. Iveco Group will therefore own and operate eight unique, yet unified commercial brands: Iveco, a pioneering champion that designs, manufactures and commercialises heavy, medium and light duty commercial vehicles; FPT Industrial, a global leader in providing its vast array of advanced powertrain technologies to customers in agriculture, construction, marine, power generation, and commercial vehicles alike; Iveco Bus and HEULIEZ, premium and mass-transit bus and coach brands; Iveco Defence Vehicles, for highly-specialized defence and civil protection equipment

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