The numbers with which Chrysler closed the second quarter of the year are more than positive. Revenue grew by 30% to $13,7 billion, while operating profit tripled to $507 million (up from $181 million in the same period last year). The improvement is mainly due to the increase in revenues, linked in turn to the strengthening of sales volumes.
The net result of the Detroit house shows a loss of 370 million dollars, a much higher loss than the 172 million of June 2010, but largely due to exceptional conditions. In fact, the company had to pay an extra cost of 551 million dollars to repay the aid received from the US government in advance.
“Having refinanced our debts and repaid public aid six years in advance – commented the CEO of Fiat-Chrysler, Sergio Marchionne – reinforces our belief that we are in the right direction to rebuild this company and restore the place that it deserves in the global automotive landscape”.
Extending the gaze to the entire half-year, Chrysler's numbers point to an operating profit of 984 million dollars, also in this case three times that recorded in the same period last year. Finally, the objectives for the whole of 2011 were confirmed: turnover above 55 billion dollars and operating profit above 2 billion. Excluding the costs of repaying the aid, for 2011 the American company expects a net profit of between 200 and 500 million dollars.
“To achieve the financial results we promised ourselves – Marchionne underlined – there is no alternative to hard work. To regain consumer confidence we are changing both the image and the substance of our company”.
