The second quarter of the Fiat Chrysler group ends, which closed with revenues up 5% on an annual basis to 23,3 billion euros, but profits down to 197 million euros against the 435 million recorded in the same period of the previous year. The 137 million euro increase in income taxes weighs on this drop.
Ebit was around one billion euros while net industrial debt decreased to 9,7 billion euros. Available liquidity rose to €21,8 billion and worldwide sales grew 2% year-on-year to 1,2 million vehicles.
After the publication of the quarterly data, the Fiat share, which was gaining around 0,7% in Piazza Affari, slipped until it lost more than 2% before suddenly recovering: in the late morning the Lingotto shares lost around 0,8% .
