FCA Q2 with Net profit up 69% - Dodge Nitro Forum
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post #1 of 2 (permalink) Old 07-30-2015, 10:27 AM Thread Starter
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Thumbs up FCA Q2 with Net profit up 69%


FCA closed Q2 with Net profit at 333 million, up 69%.

LONDON, July 30, 2015


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 from March 31, 2015. Liquidity remained strong at 25.4 billion.

The Group revised upwards its full-year guidance.


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post #2 of 2 (permalink) Old 07-30-2015, 10:34 AM Thread Starter
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Fiat Chrysler Automobiles reported second-quarter earnings on Thursday, and the company beat expectations.

FCA reports in Euros because it's corporate headquarters is in London, but the stock trades on the NYSE. Converted to USD, the company made $0.21 a share, surpassing an analyst expectation of $0.19. Globally, FCA made $364 million.

In the US, FCA doubled its quarterly profits year-over-year, to $1.4 billion from $650 million, the Detroit Free Press reported. The Jeep brand was up 19% in the quarter in the US, which FCA said was the brand's best-ever performance.

Worldwide, FCA is guiding higher for the rest of the year: CEO Sergio Marchionne said that $4.9 billion is the company's expectation. Shares were trading up 4.5% on Thursday, to $15.

Read more: Fiat Chrysler is making a move - Business Insider

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