Benzinga | Nov 5, 2020 08:07AM EST

CNH Industrial Sees FY 2020 Net Sales Of Industrial Activities Down 10-15% YoY

2020 Outlook The Company is providing the following outlook for 2020. This assumes that its end markets are not further impacted by the pandemic during the final weeks of the year and that, with all the health and safety measures they have put in place, its plants and suppliers are able to keep operating with minimal disruptions: * Net sales of Industrial Activities down between 10% and 15% year on year including currency translation effects * Free cash flow of Industrial Activities positive between $0.4 billion and $0.7 billion * Solid available liquidity to be maintained to year-end and into 2021, with the only capital markets maturity in the year for $600 million already covered by the CNH Industrial Capital LLC $500 million 1.875% Notes issued in October.