Fiat Chrysler closes well in 2016 and promises more gains for this year – The Sun 24 Hours

Fiat Chrysler increases profits in the 4th quarter and in the entire 2016, and the title flies in the Bag. The italo-american group based in the Netherlands has announced for the period October-December 2016 operating profit (Ebit) adjusted of 1,549 billion, a slight increase compared to 1.53 a in the same period of 2015; and the net profit doubled from 196 409 million. The turnover grew by 1% to 27,72 billion despite a 2% drop in deliveries of vehicles to 1,233 million.

Fca celebrates the new registrations in 2016 in Europe

The entire 2016 closed with an adjusted operating profit of 6,056 billion, compared to 4,794 2015 (+26%) and a net profit of 1.8 billion, compared with 93 million a year earlier, on a turnover, a slight increase to 111 billion. Deliveries of the car were down slightly to 4,72 million (including joint ventures). The net industrial debt was reduced at the end of the year under 4.6 billion, down from the 6.5 to the end of September, thanks to the drop in financial expenses of 350 million, and “the generation of cash from its industrial activities 1.8 billion”.

Expected a 2017 positive.
The company announced targets for 2017: sales between 115 and 120 billion, adjusted Ebit “of more than 7 billion”, the net profit (adjusted) to “over 3 billion” and net debt in the industrial “less than 2.5 billion.” “The target for 2017 confirmed, writes the company – the belief of the group in the achievement of the objectives for the year 2018″. Title Fca, already on the rise in Milan first of the counts, it has accelerated and at 11.50 earned over 3% to 10.5 euros.

Since Nafta, the bulk of the profits.
The bulk of the profit came again from north America (5.1 billion) of adjusted Ebit 6), where the operating margin on revenues has increased by one percentage point to 7.4 percent despite a decline of 5% of deliveries. Well in Europe (Ebit more than doubled from 213 540 million), while the Latin America back in the black, albeit by a small amount (5 million), but continues to pay for the crisis of the brazilian market. Leap of deliveries and profits for the Maserati, thanks to the debut of the Suv Levante (the first of the brand) has seen sales climb above 42 thousand and the revenues grow 44% to touch 3.5 billion; adjusted Ebit increases to 339 million.

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