Fiat Chrysler Automobiles (FCAU) Tops Q1 EPS Views; Shipments Flat vs. Prior Year
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FCA Posts Record First Quarter Results With Adjusted EBIT Nearly Doubled to €1.4 Billion, and All Segments Profitable. Adjusted Net Profit Reached €0.5 Billion. Full Year Guidance Is Confirmed.
April 26, 2016 7:03 AM EDTLONDON, April 26, 2016 /PRNewswire/ --
Worldwide shipments of 1,086 thousand units, in line with Q1 2015; Jeep worldwide shipments up 15% from Q1 2015 to 326 thousand units Net revenues of 26.6 billion, 3% higher than Q1 2015 (+4% at constant exchange rates, or CER) Adjusted EBIT margins up in NAFTA, doubling to 7.2%, and up nearly four-fold to 1.9% in EMEA Adjusted net profit of 528 million, 497 million higher than Q1 2015 Net industrial debt of 6.6 billion, an increase of 1.5 billion from December 2015 due to seasonality and foreign exchange impacts; Available liquidity of 24.3 billion, consistent with December 2015 Long-term debt rating raised... More
