FCA’s fully-consolidated delivery volume fell by 3% to 4.48m cars in 2016 (-4% in Q4) and including the volume of at-equity stakes it was down by 0.4% to 4.72m. Consolidated revenue reached €111bn (+0.4%). A better product mix combined with lower purchasing and warranty costs allowed the adjusted EBIT to increase by 26% to just above €6bn and adjusted net earnings by 47% to €2.5bn. Stated net earnings came in at €1.8bn compared to €334m released for 2015. Wherea
26 Jan 2017
2016 profits up, but less strong than we had expected
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2016 profits up, but less strong than we had expected
Stellantis N.V. (STLA:WBO) | 0 0 0.3% | Mkt Cap: 34,343m
- Published:
26 Jan 2017 -
Author:
Hans-Peter Wodniok -
Pages:
3
FCA’s fully-consolidated delivery volume fell by 3% to 4.48m cars in 2016 (-4% in Q4) and including the volume of at-equity stakes it was down by 0.4% to 4.72m. Consolidated revenue reached €111bn (+0.4%). A better product mix combined with lower purchasing and warranty costs allowed the adjusted EBIT to increase by 26% to just above €6bn and adjusted net earnings by 47% to €2.5bn. Stated net earnings came in at €1.8bn compared to €334m released for 2015. Wherea