Fiat Chrysler Automobiles it closed 2014 in line with expectations. The turnover grew by 11%, to 96,1 billion euros (+12% at constant exchange rates), and Ebit, excluding atypical components, rose to 3,7 billion. L'Net income instead it dropped to 632 million (from 1,95 billion), in the lower part of the range of the previously indicated targets. Excluding the atypical components, the Net income amounted to 955 million, a slight improvement compared to 2013.
The accounts were approved by the Board of Directors, which decided to "do not recommend distribution of a dividend to ordinary shares in order to further strengthen the financial means to support the five-year plan".
THEindustrial debt at the end of 2014 it amounted to 7,7 billion, benefiting from 2,3 billion from capital transactions carried out in the last quarter. 4,6 million vehicles were delivered globally, up 6%. Record volumes for the Jeep brand, with over one million vehicles sold globally.
Just in fourth quarter In 2014, FCA increased revenues to 27,084 billion (from 23,943 in the July-September period), while net profit fell to 420 million (from 1,296 billion). Net industrial debt fell to $7,654 billion (it was $11,372 billion in Q2013 XNUMX).
At the beginning of the afternoon, the FCA stock on the Stock Exchange, after having traveled upwards in the morning, turned negative (-1,7%, to 11,38 euros).
As for the target 2015FCA expects net income (excluding any unusual items) of between €1 and €1,2 billion, with earnings per share in a range of €0,64 to €0,77. Global deliveries are estimated at between 4,8 and 5 million vehicles. Revenues are expected to be around 108 billion, Ebit between 4,1 and 4,5 billion, net industrial debt between 7,5 and 8 billion. The data does not include any impact from Ferrari-related operations.
