25 July 2018

FCA: 2018 Second Quarter Results

 

Net Industrial Cash achieved for the first time, €0.5 billion. Adjusted EBIT at €1.7 billion, margin at 5.7%; Adjusted Net Profit and Net Profit at €1.0 billion and €0.8 billion, respectively. Full year Guidance revised, Adjusted Net Profit target confirmed at ~€5.0 billion.

 

  • Worldwide combined shipments(1) of 1,301 thousand units, up 6%, primarily due to increases in NAFTA and LATAM
  • Net revenues of €29.0 billion, up 4%, with higher shipments and positive pricing (up 11% at constant exchange rates, or CER)
  • Adjusted EBIT of €1,655 million, down 11% (down 3% at CER), with margin down 100 bps to 5.7%
  • Adjusted net profit of €981 million, down 9% (flat at CER); Net profit of €754 million, down 35% (down 26% at CER)
  • Net industrial cash of €0.5 billion, an improvement of €1.8 billion in the quarter
  • 2018 Guidance confirmed for Adjusted net profit and revised for other metrics
  • Remaining financial targets presented in the 2018-2022 Business Plan on June 1 are unchanged

 

Here the full text of the Press Release

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