Fiat Industrial flies (+6,95%) on the results of the first quarter of 2012 which beat analysts' expectations. And on the confirmation of the 2012 targets which envisage around 25 billion euros in revenues, a net result of around 900 million, trading profit between 1,9 and 2,1 billion, net industrial debt between 1 and 1,2 billion of Euro.
In the first quarter of 2012, the group, which owns CNH and Iveco, closed with revenues up 9,3% to 5,8 billion thanks to the significant increase in sales by CNH which more than offset the decline by Iveco and ftp. Profits amounted to 207 million (114 million in the first quarter of 2011) against expectations of 140 million. Trading profit was $435 million, up $158 million from the same period of 2011.
The revenue margin climbed 2,3 percentage points to 7,5% "driven by the continued strong performance of CNH." However, debt also rose, reaching 1,9 billion against expectations of 1,4 (1,2 as at 31 December 2011) "due to the seasonal growth in working capital and the significant level of investments".
