Fca: leaps quarter net profit (+ 69%), 2015 target upwards – ANSA.it

TURIN – Net profit increased by 69%, revenues by 25% and 2015 target revised upwards. Fca The board, which met in London under the chairmanship of John Elkann, approved the accounts record in the second quarter, the title of the Italian-American automaker flying stock market (+ 5.7%) and Standard & amp; Poor’s revised its outlook from ‘stable’ to ‘positive’, confirming the rating of ‘BB-’. With the possibility that proceedings on the group, should be removed deed restrictions that limit the flow of cash between Fca Fca and Us, “can be raised over the next 12 months in a step to ‘BB’.” “I have no bad news to be announced,” said the financial analysts to Sergio Marchionne, who speaks of “satisfactory results”. And, after confirming that the recovery plan of Alfa Romeo – “we will surprise you” – and that the listing of the Ferrari will be “in the fourth quarter of 2015″, denies the rumors in recent days on the sale of Magneti Marelli. “There is no immediate plan to sell it. He is doing a phenomenal job – claims about the company’s components Fca – and then work to develop it.” The accounts, therefore, all positive. Fca closed the second quarter of 2015 with net profit of 333 million euro, an increase of 69% compared to 197 million euro in the second quarter 2014. Revenues at 29.2 billion euro, an increase of 25%, an increase of EUR 5.9 billion compared with 23.3 billion euro in the same period of 2014. The industrial debt at June 30, decreased by 0.6 billion euro compared to the first quarter. Liquidity remains at 25.4 billion euro. Here then improve, and also significantly, targets – on which the announced transactions involving Ferrari have no impact – of the current year: revenues of over 110 billion euro, compared with about 108 expected before; Adjusted EBIT equal to or more than 4.5 billion euro, from a range of between 4.1 and 4.5 billion euro; Adjusted net profit of between 1 and 1.2 billion euro, with a basic earnings per share adjusted in a range between 0.67 and 0.77 euro. Deliveries of cars globally, according to the plates provided, are about 4.8 million. The only sore point, if they just want to find one, is the “marked weakness” of the Latin American market, where sales dropped by 32%. But Sergio Marchionne reassured analysts: “We have identified the areas of intervention,” he says, to “return to profitability” in this area. Another weak point are the calls of self, which in the United States concerned since 2009 about 11 million cars and for which in recent days has reached an agreement with Fca NHTSA – the American authority in charge of security in the car world – from about $ 105 million. “We have to adjust to 100% – said Marchionne – on this we will do better.”