Giovedì, 18 Ottobre 2018

Fiat-Chrysler 19.8 billion euro turnover first quarter


Turin, April 29 - The Fiat Group SpA, which
includes Chrysler and Fiat, reported turnover of 19.8 billion
euros for the first quarter of 2013 on Monday, down 2% compared
to the same period in 2012, but stable considering constant
exchange rates.
The group saw growth in Latin America and Asia, and sales
of luxury and sports vehicles compensated weaker segments in
North America and Europe.
Group first quarter profit came in at 618 million euros,
down from 806 million euros for the same period in 2012.
The Fiat Group's total liquidity was 21.3 billion euros at
the end of Q1, including an unused credit-line for three billion
The Fiat Group confirmed its 2013 targets of turnover
between 88 and 92 billion euros, income before extraordinary
items at 1.2 to 1.5 billion euros, and net industrial debt of
roughly seven billion euros.
"It wasn't a spectacular quarter, and we expected that,"
said Fiat Group CEO Sergio Marchionne, commenting on Chrysler.
However Fiat brand cars helped the Fiat Group post positive
European sales for March despite dismal performance for sector
as a whole.
While the European car market sank by 10.3% since March
2012, European turnover for Fiat brand cars grew 7.7%, while its
market share inched up 0.8% to 4.7% for the continent.
Fiat was buoyed by sales in Italy, France, Spain and the
United Kingdom, with the Fiat 500L, Fiat 500 and Fiat Panda all
leading their respective market segments.
In Italy, where overall car sales shrank by 5%, turnover
for Fiat brand cars grew 13.8% over March 2012.
The Fiat Group's total sales increased 5.3% in Italy to
reach a market share of 28.8%, up 2.8% over March of last year.

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