Fiat Industrial closed the second quarter on a positive note: trading profit came in at 631 million, even better than analysts' expectations, who expected trading profit of 575, 455 for Cnh, and 90 for Iveco.
Revenues therefore rose by 5,4% (6,6 billion), while net profit rose from 239 million to 256 million.
Net industrial debt is 1,963 billion, while liquidity is 5,7 billion. According to analysts, the expected debt was 1,655 billion: therefore, a worsening of the industrial debt.
According to European accounting standards, the management of the subsidiary Fiat Industrial Cnh is equal to 481 million euros; that of Iveco is 127 million.
However, the stock recovers the fall, up to -2%, in the morning and around 13 pm it re-establishes itself at +30%.
