Group sales climbed by 5 percent to 24.7 billion US dollars (22.3 billion euros) compared to 2022, the group announced in a press release on Wednesday. Full-year net income rose 17 percent to $2.38 billion.
“Two years ago, we set ambitious margin targets for our Agriculture and Construction market segments, which we achieved ahead of schedule. These results, along with record full-year sales and profits, reflect the tireless efforts of the CNH team “To simplify our corporate structure, integrate world-class technology into our machines and put our customers first,” commented CNH Industrial CEO Scott W. Wine.
CNH Industrial, which employs 40,000 people worldwide, has split from its subsidiary Iveco in 2022 and now wants to concentrate on the agricultural and construction machinery business. Steyr Traktoren employs around 500 people at its location in Sankt Valentin and produces tractors for agriculture.
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