Tags: APFN | EU | Earns | Fiat Chrysler

Fiat Chrysler Posts 50 Percent Profit gains amid Flat Sales

Tuesday, 24 October 2017 07:39 AM

MILAN (AP) — Fiat Chrysler Automobiles is reporting a 50 percent earnings increase in all markets even as global sales remain flat.

Fiat Chrysler on Tuesday reported a net profit of 910 million euros ($1 billion) in the three months ending Sept. 30, compared with 606 million euros in the same period last year. Revenues slid 2 percent to 26.4 billion euros, with deliveries stable at 1.12 million units.

FCA maintained full-year earnings guidance of 3 billion euros on revenues of between 115 billion and 120 billion euros.

North America accounted for nearly two-thirds of revenues, despite a 6 percent decrease in shipments as the carmaker realigns its product offerings in favor of Jeep and Ram.

Latin America returned to profits, while all other regions showed gains.

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Fiat Chrysler Automobiles is reporting a 50 percent earnings increase in all markets even as global sales remain flat.Fiat Chrysler on Tuesday reported a net profit of 910 million euros ($1 billion) in the three months ending Sept. 30, compared with 606 million euros in the...
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Tuesday, 24 October 2017 07:39 AM
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