Fiat Chrysler Automobiles (FCAU) Swings to Q1 Profit
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FCA closed Q1 with net revenues of €26.4 billion, up 19% and adjusted EBIT at €800 million, up 22%. Net industrial debt was €8.6 billion, up €0.9 billion. Full year guidance confirmed
April 29, 2015 7:51 AM EDTLONDON, Apr. 29, 2015 /PRNewswire/ --
Worldwide shipments were 1.1 million units, 2% lower than Q1 2014, reflecting strong performance in NAFTA and weak market conditions in LATAM. Jeep's positive performance continued with worldwide shipments up 11% and sales up 22%. Net revenues were up 19% to 26.4 billion (+4% at constant exchange rates, or CER). Adjusted EBIT was 800 million, up 145 million from Q1 2014, with all segments except LATAM posting positive results. The positive impact of foreign exchange translation was offset by negative impacts at a transactional level. Net profit was 92 million, up 265 million compared to the... More