fca closed on second quarter with net profits growing to 321 million (+25%), but – surprisingly – i revenues they fell by 2%, to 27,89 billion, while all the main analysts pointed to an increase in turnover between 1 and 4%. L'EBIT decreased by 14% to 1,06 billion and global deliveries of the companies amounted to 1.175.000 units, with a decrease of 1% mainly attributable to the Asia-Pacific area, due to the transition to local production of Jeeps in China.
The unexpected drop in turnover in the quarter triggered a sales surge in the quarter immediately after the publication of the accounts share on the FCA Stock Exchange, which was suspended in the volatility auction when it lost 3,87%, but then returned to trading at -1,58%. In the immediately following minutes, however, the shares turned positive, gaining 3,2%.
Operators evidently appreciated the words spoken by Sergio Marchionne during the conference call with analysts: “We have made progress – said the CEO about the search for an industrial partner for FCA –, even if we are not yet in a position to announce anything”.
Returning to the budget, profits in the first half were €799 million, up 181% year-on-year. THE revenues net are practically unchanged at 54,46 billion (+80 million). L'EBIT it shows an increase of 23% to 2,36 billion. At an adjusted level, net profit grew by 207%, to 1,23 billion, while Ebit rose by 43%, to 3 billion.
Also in the semester, the net industrial debt reached 5,47 billion euros, an increase of 425 million compared to the 5,04 billion with which it had closed the first half of 2015. Debt, however, recorded a decrease of 1,11 billion euros compared to the 6,59 .1,8 billion recorded in the first quarter ended in March, "thanks to the strong operating cash flow - specifies the group - equal to 2,1 billion euros, net of investments in the quarter equal to 0,5 billion euros and despite the unfavorable foreign exchange effect of XNUMX billion euro”.
As for the objectives, the group revised upwards the targets for 2016 “thanks to the strong first half operating performance”. FCA now targets net revenues of over €112 billion (vs. over €110 billion), adjusted EBIT over €5,5 billion (from over €5 billion), and adjusted net profit of over €2 billion (vs. > €1,9 billion). ). On the other hand, the net industrial debt target remained unchanged at less than 5 billion.
