Martedì, 25 Settembre 2018
TURIN

Fiat Industrial overtakes growth target

English
© ANSA

Turin, July 31 - Fiat's non-automotive arm Fiat
Industrial on Wednesday confirmed hitting its 2013 first-quarter
target of revenue growth between 3% and 4% and saw an increase
in net-trading profit between 7.5% and 8.3%.
The trading profit for the quarter was 633 million euros,
up from the 580 million euros forecast by the group.
Net profit was 340 million euros, up from 290 million
euros predicted.
Total revenues were 6.8 billion euros.
Fiat Industrial is a separate entity from Fiat's
automotive division.
At the start of 2011 Fiat spun off Fiat Industrial to hold
its non-automotive activities, which include the production of
trucks, commercial vehicles and buses, under the Iveco marque,
as well as the non-automotive sector of its Powertrain
subsidiary that develops engines and transmissions.

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