In the first quarter, the FCA group recorded record results with net profit up 34% from a year earlier to 641 million euros and adjusted EBIT up 11% to 1,5 billion on net revenues up 4% to 27,7 billion. Adjusted net income increased 27% to $671 million. This was announced by the manufacturer, whose global deliveries were down slightly to more than 1,14 million units, from 1,13 million a year earlier.
At the end of March, net industrial debt rose to 5,11 billion, from over 4,58 billion "essentially due to the negative seasonality of working capital". Available liquidity amounted to €21,6 billion, down by €2 billion compared to December 2016 due to the planned reduction of gross debt.
After the publication of the first accounts for 2017, the FCA share literally bounced back in Piazza Affari where in the early afternoon, in sharp contrast with the trend of the Ftse Mib (which lost about half a percentage point), travel above 10 euros per share with a gain of more than 3,5%.
