The excellent results of the quarterly push upwards the share of Fiat Industrial, which in the morning gains 4,62% to 8,485 euros per share, placing itself at the top of the FTSE Mib. The company's third quarter, in fact, went on file with revenues up 7,9% year-on-year, from 5,9 to 6,3 billion euros thanks to the “strong growth in the Agricultural Equipment business which more than compensated for the weaker market conditions in the other businesses”.
Trading profit increased by 91 million compared to the same period of the previous year, reaching 575 million euros, while the margin on revenues reached 9,1% (+0,8% on an annual basis). Real a leap forward in net profit, from 204 million euros in the third quarter of 2011 to the current 297 million, with a growth of 45,6%.
Net industrial debt rose, up by 0,2 billion to 2,2 billion euro. Available liquidity decreased from 5,7 billion euros in the second half to 4,9 billion.
Fiat Industrial's forecasts for the current year speak of revenues of over 25 billion euros, trading profit in excess of €2 billion and net industrial debt of between €1,2 and €1,5 billion.
