The group increased production by 7.1% to 2.74m vehicles while deliveries fell by 0.5% to just below 2.5m. As a result, the company produced 243,000 more units than it delivered which compares with excess production of 47,000 units in Q1 16. This has taken its toll on cash generation. Based on management’s definition, cash from operations fell by 78% to €299m, the lowest Q1 number in the current century. The group’s revenue was up by 10% to €56.2bn and EBIT and net earni
03 May 2017
Dismal cash generation in Q1 17
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Dismal cash generation in Q1 17
The group increased production by 7.1% to 2.74m vehicles while deliveries fell by 0.5% to just below 2.5m. As a result, the company produced 243,000 more units than it delivered which compares with excess production of 47,000 units in Q1 16. This has taken its toll on cash generation. Based on management’s definition, cash from operations fell by 78% to €299m, the lowest Q1 number in the current century. The group’s revenue was up by 10% to €56.2bn and EBIT and net earni