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FCA’s Pretax Profit Rises 7%
Fiat Chrysler Automobiles NV posted earnings before interest and taxes of €926 million in the third quarter compared with €862 million in the same period of 2013.
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Fiat Chrysler Automobiles NV posted earnings before interest and taxes of €926 million in the third quarter compared with €862 million in the same period of 2013.
Unit sales rose 10% to 1.1 million vehicles, led by gains of 22% in Asia Pacific and 20% in North America. Shipments in Europe advanced 3% to 218,000 vehicles. Sales fell 16% to 202,000 units in Latin America.
Revenue jumped 14% to €23.6 billion. The company's net profit of €188 million was €1 million below the year-earlier total.
FCA ended the July-September period with net industrial debt of €11.4 billion, up €1.7 billion. Available liquidity of €18.6 million was virtually unchanged from the second quarter.
The company expects full-year sales of about 4.7 million vehicles, revenue of at least €93 billion, EBIT of about €4 billion and a net profit of around €700 million. FCA expects its net industrial debt by year-end to be between €9.8 billion and €10.3 billion.
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