FCA 2017 Second Quarter Results

Friday, July 28, 2017 - 09:30
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FCA

FCA reports record second quarter Adjusted EBIT of €1.9 billion, up 15%, margin up 90 bps to a record 6.7%; Adjusted Net Profit up 52% to €1.1 billion and Net Profit more than tripled to €1.2 billion. Fullyear guidance is confirmed.

Worldwide combined shipments(1) of 1,225 thousand units, down 1%.

Net revenues of €27.9 billion, in line with Q2 2016 (down 2% at constant exchange rate, or CER).

Adjusted EBIT of €1,867 million, up 15%, mainly driven by Maserati with all segments profitable.

Record Group margin of 6.7%. All segments improved margins with record NAFTA margin at 8.4% and Maserati at 14.2%..

Adjusted net profit of €1,080 million, up 52%; Net profit of €1,155 million, up 260%.

Net industrial debt of €4.2 billion, down €0.9 billion from Q1 2017, driven by cash flow from operations.

Liquidity strong at €20.0 billion, after planned gross debt reduction of €1.4 billion in quarter.

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