MILAN (Reuters) – Agricultural and construction machine maker CNH Industrial said on Tuesday its operating profit grew 9% in the first quarter thanks to a “healthy” demand despite headwinds including war in Ukraine and higher energy costs.
The company said its adjusted earnings before interest and tax (EBIT) of industrial activities stood at $429 million in the January-March period. Than topped $391 million forecast in an analyst poll compiled by Reuters.
Milan-listed shares in CNH Industrial extended gains after results were published and by 1240 GMT were up 1.7%.
(Reporting by Giulio Piovaccari, editing by Cristina Carlevaro)
