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FCA’s Profit Surges 55%
Fiat Chrysler Automobiles NV’s adjusted net profit zoomed to €1 billion ($1.2 billion) in January-March from €671 million in the same period last year.
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Fiat Chrysler Automobiles NV’s adjusted net profit zoomed to €1 billion ($1.2 billion) in January-March from €671 million in the same period last year.
Adjusted earnings before interest and taxes rose 5% to €1.6 billion ($2 billion). Revenue for the period declined 2% to €27 billion ($32.8 billion), even though vehicle shipments by consolidated operations rose 7% to 1.15 million units.
FCA reports it has reduced its net industrial debt since the beginning of the year by €1.1 billion to €1.3 billion
FCA confirms its full-year guidance. The company expects net revenue of about €125 billion, cash of €4 billion and adjusted EBIT and net profit of €8.7 billion and €5 billion, respectively.
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