The group Fca ca stores a record third-quarter. He informs the society, that in the period recorded net revenues of 26.8 billion euros, roughly in line with the same period a year before and a little below analysts ‘ expectations, Ebit amounted to 1.34 billion, 225 million, and a net profit of 606 million euro (in line with expectations, the most optimistic of the analysts, editor’s note), against losses of 387 million. Net industrial debt rose to 6,51 billion, from eur 5.47 billion at June 30, last. Available liquidity remains to 23.2 billion. In the third quarter of the global delivery overall, including those of the jv are not consolidated in the group, were equal to more than 1.12 million units, roughly in line with a year earlier.
Revised upwards the goals of the 2016
The group Fca has revised upward some of the targets for the year 2016 “as a result of strong operating performance for the first 9 months”. Notify the company at the end of the board of directors held in London that has approved the accounts of the third quarter. For 2016, the Fca is now adjusted Ebit to more than eur 5.8 billion (from more than 5.5 billion expected previously) and adjusted net profit more than 2.3 billion (compared to over 2 billion). Confirmed, instead, the target of the net revenues, estimated to be in excess of 112 billion euros, and net industrial debt, which is expected under 5 billion.
Considering the different geographical areas where the group is operating is that in the Nafta region Fca scored in the third quarter, a decrease of 5% of revenues to 16,81 billion and 8% of deliveries 627mila unit for the programmed reduction of the volumes for the Chrysler 200 and Dodge Dart, related to the realignment of production capacity, while the adjusted Ebit rose by 8% to more than 1,28 billion thanks “to the best pricing, purchasing efficiencies and to lower costs for the guarantee”. In the Usa, in particular, the group’s market share also grew 30 basis points. In Europe, deliveries were down 27% to 22 thousand units due to its “step to the local production of Jeep in China through the jv with the local partner Gac”, revenues were up 2% to € 861 million and the adjusted Ebit is back in the black for 21 million, from a red to 83 million. In Latin America, deliveries fell by 21% to 111mila unit, the revenues of 2% to 1.49 billion (-7% at co nstant exchange rates) and the Ebit was negative for 16 million, from a profit of 28 million, because of rising costs due to inflation and to unfavourable foreign exchange effect”. It is Europe that has registered the best results, with deliveries up 18% in the quarter, 295mila units (+16% for cars and +24% for light commercial vehicles), growth in revenues of 10% to 5,07 billion (12% at constant exchange rates) and Ebit adjusted for 104 million (20 million).
Marchionne, no transfer of assets of the group
“I can say 100% that it will not be aimed any transaction (as a sale of assets) in the fourth quarter of this year”. So the a.d. of Fca, Sergio Marchionne, has responded to an analyst who asked him about the possible sale of the divisions of components Magneti Marelli or Comau. “I never said that these activities are in the sale – said Marchionne – and I never made reference to a deal in particular with the Samsung. Are internal issues. There is a continuous approach to sales or a combination of assets and discussions continue over time”.
Bag hooks for 6 euro to the top 1 month after the accounts and the upside target
Fiat Chrysler recapture fee is 6 euros, reaching the highest in a month and a half thanks to quarterly accounts and the improvement of the estimates for the end of the year. The title, after a turnabout for the immediate publication of the accounts is recovered to +2.5% 6,045 euro. The italo-american group has reported net profits for 606 million in the third quarter and an operating profit of 1.34 billion euros on revenues of 26.8 billion euro, substantially in line with those of a year ago. Has also improved the estimates of the target in 2016, and now expects an ebit adjusted of more than eur 5.8 billion (more than eur 5.5 billion expected previously) and adjusted net income greater than 2.3 miliaredi (over 2 billion).
(Il Sole 24 Ore Radiocor Plus)
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