BREAKING NEWS

Fiat Chrysler second-quarter profits rise 15 percent but debt disappoints

Now Reading:

Fiat Chrysler second-quarter profits rise 15 percent but debt disappoints

Text size Aa Aa

MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) <FCHA.MI> on Thursday reported a slightly better-than-expected second-quarter adjusted operating profit, helped by improvements in Europe and Latin America and continued strong performance in its key market in North America. The world’s seventh-largest carmaker <FCAU.N> said adjusted earnings before interest and tax (EBIT) for the April-June period rose 15 percent to 1.87 billion euros (1.67 billion pounds), above a 1.81 billion consensus in a Thomson Reuters analyst poll. Revenues were basically flat at 27.9 billion euros, slightly below an average analyst forecast of 28.9 billion euros. Net industrial debt fell to 4.2 billion euros by the end of June from 5.1 billion euros three months earlier, but was higher than an analyst consensus forecast of 3.9 billion euros. The group confirmed its full-year guidance.

(Reporting by Agnieszka Flak)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.