Giovedì, 20 Settembre 2018

Fiat Industrial's trading profit, sales gain in 2012


Turin, January 31 - Fiat Industrial SpA reported
healthy 2012 results Thursday with trading profit at 2.07
billion euros, a 23.3% jump on 2011, and with revenues up 6%, at
25.8 billion euros.
The company, spun-off from carmaker Fiat SpA at the
beginning of 2011, forecast its sales growth in 2013 would slow,
to +5%, while operating margin would be between 8.3 and 8.5%.
Net industrial debt in 2012 reached 1.6 billion euros, up
by 400 million euros, and is forecast to be drop to between 1.1
and 1.4 billion euros this year.
Fiat Industrial said strong sales at its agricultural and
building machines unit CNH drove 2012 results, thanks to the
unit's strong exposure to the U.S. market, where strong demand
helped make up for the weaker performance in Europe.
The Iveco commercial vehicles unit saw sales decline in the
just-ended year, hit also by ''weaker market conditions in Latin
The company said it would pay a dividend of 275 million
euros to shareholders - or 0.225 euros per share - in contrast
to the Fiat auto unit, which on Wednesday said it would not pay
a dividend in order to conserve cash because it wants to
purchase the shares it already does not own in U.S. carmaker
Last year the dividend take was set at 240 million euros,
or 0.185 euros per ordinary share.
Both companies are controlled by Italy's Agnelli family.

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