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.
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