Fiat Chrysler Automobiles (FCAU) Q2 Revenue Tops Views, Raises FY Guidance

Fiat Chrysler Automobiles (NYSE: FCAU) reported revenue for the quarter came in at €29.2 billion versus the consensus estimate of €27.5 billion.

Adjusted EBIT1 was €1,525 million, up 58% from €968 million in Q2 2014, with increases in NAFTA and EMEA, partially offset by decreases in LATAM and APAC. NAFTA margin improved to 7.7%.

2015 Outlook

The Group revised upwards its full-year guidance:

• Worldwide shipments at ~ 4.8 million units (from 4.8 to 5.0 million unit range);
• Net revenues over €110 billion (from ~€108 billion);
• Adjusted EBIT equal to or in excess of €4.5 billion (from €4.1 to €4.5 billion range);
• Adjusted net profit in €1.0 to €1.2 billion range, with Adjusted basic EPS in €0.64 to €0.77 range (unchanged);
• Net industrial debt in €7.5 billion to €8.0 billion range (unchanged).

Figures do not include any impacts for the previously announced capital transactions regarding Ferrari.

For earnings history and earnings-related data on Fiat Chrysler Automobiles (FCAU) click here.

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