21 January, 2020 - 24 January, 2020
21 January, 2020 - 22 January, 2020
New York NY, U.S
27 January, 2020 - 29 January, 2020
29 January, 2020 - 30 January, 2020
New York NY, U.S
01 February, 2020 - 03 February, 2020
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.