fiat

Fiat Chrysler Automobiles (FCA) made a 632-million-euro (718-million-dollar) profit in 2014, down from almost 2 billion euros in the previous year, the Italo-American automaker said Wednesday.fiat

The company said the figure was strongly influenced by one-off events. If “adjusted for unusual items,” profit levels were broadly stable, rising from 943 to 955 million euros during 2013-14, FCA said.

On an annual basis, global sales increased 6 per cent to 4.6 million units. Net revenues increased by 11 per cent to 96.1 billion euros, while net industrial debt stood at 7.7 billion euros, compared to 7 billion euros at the end of 2013.

Looking ahead, FCA said it expects to ship between 4.8 million and 5 million vehicles in 2015. The company forecasts net revenues of 108 billion euros in 2015 while keeping net industrial debt under 8 billion euros.

FCA also expects to improve its earnings before interest and taxes (EBIT) to 4.1 to 4.5 billion euros next year, as compared with the 3.2 billion euros it posted in 2014.

Fiat and Chrysler completed their merger last year, forming the world’s seventh-largest automotive group, which includes the Jeep, Ram, Alfa Romeo, Maserati and Lancia brands. The company also controls Ferrari, which it plans to spin off into a separate entity.
GNA

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.