Market ConditionsThe industry is softening further, particularly in the AG market, and is expected to continue amid lower farm incomes, high dealer stocks and lower volumes.
OutlookThe recent news flow showed a slight AG market deterioration with CNH reducing its FY24 outlook for revenues and adj. EBIT margin.
Sales PerformanceNet sales decreased by 22% in 2Q, mainly due to a drop in AG division and partially offset by the industrial business.