CNH Industrial’s sales of construction equipment came to US$ 3.35 billion last year, and increase of +2.7% on 2013. Operating profit from the division was US$ 79 million, compared to a loss of US$ 97 million in 2013.

The increase was driven by a surge in sales in the North Atlantic Free Trade Area (NAFTA), where CNH’s construction equipment sales rose +17.8% last year to US$ 1.48 billion. The company also saw growth in the Europe, Middle East & Africa (EMEA) region, where revenues were up +4.3% to US$ 660 million. However, revenues from Latin America were down -9.3% to US$ 894 million, and sales in Asia Pacific dropped -18.1% to US$ 316 million.

CNH said it achieved an increase in revenues last year against the backdrop of falling global markets. A company statement said industry-wide sales of light construction equipment were down -9% last year which the heavy equipment segment was down -5% compared to 2013.

CNH Industrial’s total revenues for the year were down -3.8% to US$ 32.5 billion. This was largely due to a -9.3% fall in its agricultural equipment business, which makes up almost half of its revenues. The fall in sales here was equivalent to US$ 1.56 billion. In addition, a -3.5% drop in its US$ 10.9 billion commercial vehicles business further offset the relatively small gains from increased construction equipment and Powertrain sales.

Newsletter

Delivered directly to your inbox World Construction Week features the pick of the breaking news stories, product launches, show reports and more!

Sign up for free

Newsletter

Delivered directly to your inbox World Construction Week features the pick of the breaking news stories, product launches, show reports and more!

Go to newsletters