Venerdì, 21 Settembre 2018
TURIN

Fiat Industrial meets targets for 2012, says Marchionne

English
© ANSA

Turin, April 8 - Fiat Industrial, the holding
company of the non-automotive assets of Fiat SpA, recorded a net
profit of 921 million euros in 2012, up 31% over the previous
year, according to results presented at a shareholders' meeting
on Monday.
Revenue grew by 6.2% to reach 25.8 billion euros while
trading profit was up 23.3% to 2.07 billion euros on the back of
continued strong performance from US agricultural and
construction equipment manufacturer CNH Global NV.
Consequently the company is to pay out a total dividend of
275 million euros, translating into 0.225 euros per ordinary
share.
"In 2012, its second year after splitting from (Fiat) Auto,
Fiat Industrial has met all its targets," said Chairman Sergio
Marchionne.
The CEO of automobile manufacturer Fiat SpA also confirmed
2013 targets of a 5% increase in revenues, a trading margin of
between 8.3% and 8.5% and net industrial debt of between 1.1
billion euros and 1.4 billion euros.
Fiat Industrial became operational on January 1, 2011, as
the result of a spin off of non-car making industries from Fiat.
Its main assets are truck and tractor makers Iveco and CNH,
of which it owns around 88%.

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