16 June, 2018 - 19 June, 2018
Riva del Garda (Tn), Italy
19 June, 2018 - 22 June, 2018
Itasca (IL), U.S.
21 June, 2018 -
11 July, 2018 - 13 July, 2018
Ho Chi Minh City, Vietnam
16 July, 2018 - 19 July, 2018
São Paulo, Brazil
Fiat Chrysler Automobiles has reported solid positive results for the second quarter of 2015.
Worldwide shipments were 1.2 million units, in line with Q2 2014 and reflecting a strong performance in NAFTA and EMEA, partly offset by continued weak market conditions in LATAM.
The group has reported net revenues of €29.2 billion, an increase of €5.9 billion, up 25% compared to the same quarter in 2014. Net profit was €333 million, compared to €197 million in Q2 2014. Adjusted net profit for the quarter was €450 million, compared with €204 million in the previous year.
Adjusted EBIT was €1.525 million, up €557 million from Q2 2014. NAFTA more than doubled its performance from €595 million to €1.327 million, driven by higher volumes, improved net pricing and a positive translation impact, partly offset by increased industrial costs.
Net revenues for LATAM were €1.851 million, down 15% primarily due to reduced shipments. Market share in Brazil was down 19% due to strong competition and pricing pressures.
Net revenues for Ferrari were up 5% to €766 million, reflecting an increase of €37 million from Q2 2014, mainly driven by higher volumes and favourable product mix. Adjusted EBIT was €124 million, compared with €105 million in Q2 2014.
As for Maserati, net revenues totalled €610 million, down 17% from Q2 2014, primarily due to decreased volumes resulting from weaker demand in China and unfavourable product mix. Adjusted EBIT decreased from €61 million to €43 million for the same quarter.
FCA has revised upwards its full-year guidance.