Connect with:
Friday / November 22. 2024

logo
mobile-logo
HomePosts Tagged "CNH Industrial" (Page 2)
Agrotech, Environment, Nature, Sustainability, Sustainable Energy

The plan includes precision technology, agriculture, construction, electrification and alternative fuels, sustainability and three-year financial targets

CNH Industrial announced its updated 2024 strategic plan at its Capital Markets Day event in Miami, Florida. Scott W Wine, CNH Industrial Chief Executive Officer, introduced the new company and set forth its strategic priorities, including customer-inspired innovation; technology leadership; brand and dealer strength; operational excellence; and sustainability stewardship. 

Other senior members of the leadership team presented on topics including precision technology, agriculture, construction, electrification and alternative fuels, sustainability and three-year financial targets. 

The company confirms its intention to be net-debt free by 2023.

Additional financial plan highlights include: 

  • Gross Margin over 24 per cent by 2024, more than 300bps increase by the end of the plan period 
  • R&D of ~$2.6 billion, a step up to ~4.5 per cent of net sales focusing on new products and new precision technology 

The updated 2024 financial plan also commits to a consistent dividend policy and confirms the company’s ability to exercise appropriate share buybacks. 

CNH Industrial will invest in a path to excellence in customer and dealer satisfaction, fundamental to the company’s future success. The state-of-the-art and productivity-boosting agricultural product portfolio will undergo significant expansion, with 150 product launches expected over the plan period, supporting the differentiated positioning of the Case IH and New Holland Agriculture brands. 

The plan includes precision technology, agriculture, construction,

Agrotech, Finance

CNH Industrial is committed to delivering value to its shareholders and stakeholders

CNH Industrial officially commences 2022 trading on the New York Stock Exchange (NYSE) in the US and Borsa Italiana’s Euronext Milan in Italy as a fully focussed agriculture and construction player. As the parent company to globally respected agriculture and construction brands and the innovations and services that drive them, CNH Industrial is committed to delivering value to its shareholders and stakeholders.

The new beginning for the CNHI ticker is the result of a long-planned strategic operation to separate CNH Industrial’s ‘On’ and ‘Off’ Highway businesses. Since announcing the spin-off in 2019, management has worked to set up the new organisation and set out its long-term priorities. With the delivery of this milestone, the company looks forward to presenting its future direction at its Capital Markets Day on February 22, 2022. Details on this event and live stream will be forthcoming.

“Today we are excited to usher in the new CNH Industrial, the result of detailed strategic planning, hard work and boundless determination. I want to congratulate our entire team, and our Senior Leadership Team in particular, for driving this to completion and thank the Board of Directors for overseeing this operation to its successful conclusion. As a pure player in agriculture and construction, we will bring our undivided attention to bear on supporting our customers and dealers. This involves developing innovative products and processes to enhance productivity; accelerate profitable growth, and spearhead our ambitious ESG plans to ensure we act in full respect of people and the planet,” said Scott W Wine, CEO, CNH Industrial.

CNH Industrial is committed to delivering value