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Fiat, 2012 profit beyond expectations

2012 trading profit stood at €3,8 billion, while revenues reached €84 billion (from approximately €83 billion).

Fiat, 2012 profit beyond expectations

Fiat closes 2012 with results in line with the targets and market expectations and confirms the forecasts for 2013 provided at the end of October. A note from the company says so, also indicating a target for 2013 debt of seven billion euros.

THENet income is more than 1,4 billion euros, beyond analysts' expectations. Conversely, 2012 trading profit stood at €3,8 billion, while revenues reached €84 billion (from around €83 billion).

Net industrial debt comes to 6,5 billion, from 6,7 billion estimated at the end of September, and available liquidity to 20 billion, in line with the end of the third quarter. For 2013, the revenue targets of 88-92 billion and trading profit of 4-4,5 billion remain confirmed.

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