CNH Global Declares Q4 Profit

NEW YORK - Feb 3/05 - SNS -- CNH Global N.V. reported a fourth quarter net income of $26 million on sales of $3,001 million for the period ending December 31, 2004, compared to a net loss of $111 million on sales of $2,858 million during the same period the previous fiscal year.

For the full year, CNH's net income of $125 million in 2004 compares to a net loss of $157 million in 2003.

Full year 2004 net sales of equipment increased to $11.5 billion, up 15% compared to $10.1 billion for the same period in 2003. Net of currency variations, sales increased by 9%.

By region, net of currency, sales increased by 24% in the Americas and 2% in Rest-of-World markets, while sales in Western Europe declined by approximately 6%. Worldwide, in addition to the currency impact, sales increased primarily from improved volume and mix, improved price realization and new products.

Subscribers can read the full text of the article by Clicking here