Fiat Chrysler Automobiles (FCAU) Q2 Revenue Tops Views, Raises FY Guidance
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FCA closed Q2 with Net profit at €333 million, up 69%.
July 30, 2015 8:25 AM EDTLONDON, July 30, 2015 /PRNewswire/ --
Worldwide shipments were 1.2 million units, in line with Q2 2014, reflecting strong performance in NAFTA and EMEA, partly offset by continued weak market conditions in LATAM. Jeep's positive performance continued with worldwide shipments up 27%. Net revenues increased 25% to 29.2 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%. Adjusted net profit2 was 450 million, more than doubling compared to 204 million in Q2 2014. Net industrial debt was 8.0 billion, down 0.6 billion... More