Reports Q4 $0.12 v $0.12e, R$8.37B v $8.21Be
- Guides initial FY15 (GAAP) $ v $0.50e, Rev $ v $32.3Be
- Guides initial FY15 Net sales of Industrial Activities of approximately $28B, operating margin of Industrial Activities between 6.1-6.4%
- Guides initial FY15 Net industrial debt at the end of 2015 $2.2-2.4B v $2.7B FYE2014
- Operating margin 4.7%, +400bps y/y
- CEO: Company expects improved profitability in Commercial Vehicles and Construction Equipment, coupled with structural cost improvement measures from the Company's Efficiency Program now extended to Agricultural Equipment. These actions are expected to buffer, but not fully offset the negative impact from the continuation of challenging trading conditions in the row crop sector of the agricultural industry, and the impact of the recent significant appreciation of the US dollar against the Company's other trading currencies, allowing the Company to hold operating margin unless there are further currency deteriorations from the current rate levels outside the United States.