Fiat Chrysler Automobiles (FCA)
closed 2015 with a net profit of two billion euros, up 91% on
2014. FCA's results in 2015 were "in strong progress with
results well above the targets for the year," the Italo-American
carmaker said. Including Ferrari, net revenue rose 18% to 113.2
billion euros and the adjusted EBIT rose 40% to 5.3 billion
euros. The spinoff of Ferrari enabled FCA to start 2016 with a
net industrial debt down to five billion euros. Fiat Chrysler
Automobiles sold 4.6 million cars globally in 2015, in line with
2014, the company said after a board meeting in London
Wednesday. The "excellent progress" of the Jeep marque continued
with a record 1.3 million sales worldwide, up on 2014. FCA
expects to close 2016 with a net profit of 1.9 billion euros,
net revenue of more than 110 billion euros and an operating
profit of more than five billion euros. The net industrial debt
is expected to be unchanged, under give billion euros. FCA stock
rose 2.64% on the Milan bourse, reversing a decline, after the
better-than-expected 2015 results.
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