MILAN – Fca closes a record first quarter in 2016, confirms the targets for the end of year and celebrates the boom in sales of the Jeep brand. The former Lingotto has ended the first three months of the year with an operating result (adjusted EBIT) almost doubled to 1.4 billion Euros and all sectors in positive: the profit amounted to 528 million (497 million more compared to the first quarter of 2015), while net income rose by 3% to 26.6 billion euro. in the light of the first quarter numbers, Fca has therefore confirmed the 2016 target according to which the turnover will rise over the 110 billion euro – on the same level as last year – while EBIT will rise to over 5 billion with a profit just under two billion and net industrial debt under 5 billion euro. Those presented today are the first accounts after the spin off Ferrari that resulted in the company’s coffers about one billion. Speaking to analysts, the to Sergio Marchionne, has not said so before “having negative indications “on target in 2016, later denied the intention to divest Magneti Marelli that” will continue to be part of our portfolio “, finally talking about possible future alliance said:” the dialogue continues with those interested. We have to be very open mind, we can not be selective. We need time. “ a disappoint the market – as happened with the presentation of the budget in 2015 – are estimated. Insiders were hoping, probably, in a rise in estimates that are – in fact – in line with the numbers of last year when revenues had amounted to 111 billion Euros and the profit was EUR 1.7 billion. Net industrial debt of Fca at the end of the first quarter 2016 amounted to 6.6 billion euro, up by 1.5 billion euro compared to the end of December 2015 “due to the seasonal and exchange of conversion”. Available liquidity amounted to 24.3 billion euro, in line with the figure at the end December 2015.
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