CNH Reports Results for 2013

CNH Industrial N.V. reported agricultural and construction equipment revenues of €16.0 billion for the year, in line with 2012 (up 4.7% on a constant currency basis) as strong demand for agricultural equipment continued to offset a challenging business environment in the construction equipment business.

Agricultural equipment full-year net revenues were up 3.6% over 2012 (up 9% on a constant currency basis) driven by positive net pricing, increased volumes and favorable product mix. All geographic regions except APAC reported increased revenue on a constant currency basis. Worldwide agricultural equipment market share performance was substantially flat for both tractors and combines. Worldwide agricultural equipment production was in line with retail sales during 2013 but 17% below retail sales for the fourth quarter, as the Group implemented the scheduled production slowdown to reduce company and dealer inventory to target year-end levels.