Fiat Industrial archive the second quarter with revenue up 3,1%, to 6,8 billion euros, and a net result up 30,7%, to 328 million. The company's stock on the stock market gained more than three points in the mid-morning, achieving the best rise of the Ftse Mib.
The group recorded in the quarter a ordinary management profit of 633 million, with a margin on revenues of 9,3% (627 million and a margin of 9,5% in the second quarter of 2012). L'net industrial debt in the quarter it decreased by 263 million euros to 2.274 million euros, while available liquidity rose to 5,3 billion euros (5,1 billion euros at the end of the first quarter).
The growth of the agricultural machinery and engine businesses, explains a note from the group, compensated for the more difficult market conditions in the construction machinery and industrial vehicle sectors.
Fiat Industrial therefore confirms the estimates for the current year. On the basis of the group's performance to date and our expectations of a market recovery for all sectors as well as the persistence of strong conditions in the agricultural machinery market – reads the press release on the half-yearly accounts – Fiat Industrial confirms its targets for 2013: revenues up between 3% and 4%, trading margin between 7,5% and 8,3% and net industrial debt between 1,4 and 1,6 billion.
