FCA’s worldwide shipments were up by 0.3% to 3.4m units in 9M15, although the US market continues booming and Europe is recovering. The euro weakness, the company’s reporting currency, allowed revenue to increase by 20% to just above €83bn while EBIT was up by 16% to €2.5bn. However, net profit is now down by 41% to a mediocre €126m as management decided to take care of ‘the current regulatory and recall environment’. This forced it to book an after-tax

28 Oct 2015
Adjusted profits clearly below our expectations

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Adjusted profits clearly below our expectations
Stellantis N.V. (STLA:WBO) | 0 0 0.3% | Mkt Cap: 34,343m
- Published:
28 Oct 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2 -
FCA’s worldwide shipments were up by 0.3% to 3.4m units in 9M15, although the US market continues booming and Europe is recovering. The euro weakness, the company’s reporting currency, allowed revenue to increase by 20% to just above €83bn while EBIT was up by 16% to €2.5bn. However, net profit is now down by 41% to a mediocre €126m as management decided to take care of ‘the current regulatory and recall environment’. This forced it to book an after-tax