fca ended the third quarter with a net borrowing industry, down by 200 million euros compared to 30 June 2015, at 7,8 billion euros. There liquid assets available remains strong, at 24,9 billion euros. THE revenues of the period recorded a growth of 17%, to 27,5 billion euro, while theEBIT achieved a leap of 35%, to 1,3 billion, thanks above all to the performance of the NAFTA area, with an operating result more than doubling to 1,18 billion euro. Good results also from the European activities, which saw double-digit revenues increase in the quarter, to 4,6 billion, with a positive Ebit of 20 million compared to the loss of 59 million in the third quarter of 2014.
On the accounts, however, they weigh one-off charges of 602 million euros, net of taxes, mainly to reflect in provisions the current regulatory environment and recall campaigns. L'Adjusted net income for the quarter improves to $303 million from 230 million in the same period last year, while Before adjustments, the result for the quarter is in the red by 299 million of Euro. After the publication of these numbers, the stock entered the volatility auction, with a theoretical drop of -4,35%. A result in stark contrast to the performance of the Ftse Mib, which rose by 0,77%.
In any case, the group confirm targets for the current year, revised upwards in the second quarter. "It should be noted that the net industrial debt target has been revised - reads the note - to take into account the transactions completed in relation to the Ferrari IPO and is now in the range of 6,6-7,1 billion euros ( from 7,5-8,0 billion euros).
The 2015 targets also forecast global shipments of approximately 4,8 million vehicles, revenues of over €110 billion, adjusted EBIT equal to or greater than €4,5 billion. €1,2 billion with adjusted basic earnings per share of approximately €0,77. “The above amounts – explained the company – do not reflect the impacts associated with the previously announced demerger of Ferrari, planned for January 2016”.
