In the second quarter, the Fiat group, including Chrysler, recorded a trading profit of just over one billion euros compared to an average analyst consensus of 965 million and 525 million a year earlier. This was communicated by Lingotto, which, again in April-June, recorded a net profit of 358 million (370 million the consensus). The company notes that, without the American partner Chrysler, of which Fiat has 61,8%, there is a net loss of 246 million.
Quarterly revenues amounted to 21,5 billion (-7,5% to 9,2 billion for Fiat excluding Chrysler compared to the previous year) and available liquidity improved to 22,7 billion (from 21,4 billion at the end of March 2012). Ebit amounted to 744 million euros and reflects the good performance of the ordinary management result.
Fiat's net debt decreased in the second quarter to 5,4 billion (it was 5,8 billion euros at March 31, 2012), with Chrysler's flows, positive for 0,6 billion euros, which have more which offset the negative 0,2 billion euros recorded by the rest of the Group. Available liquidity increased further to 22,7 billion euro (21,4 billion euro as at 31 March 2012).
