FCA increased shipments by 8% to 3.53m through to September (+7% to 1.12m in Q3) which resulted in automotive revenue of almost €80m (+3.6%). In fact, revenue growth accelerated to 10% in Q3. Based on management’s definition, adjusted EBIT increased by 2.0% to €5.26bn (+13% to just below €2.0bn in Q3). These numbers are higher than our expectation (shipments: 3.50m, revenue: €76bn, EBIT: €4.88bn).
30 Oct 2018
9M18 numbers were reasonably good, at first glance
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9M18 numbers were reasonably good, at first glance
Stellantis N.V. (STLA:WBO) | 0 0 0.3% | Mkt Cap: 34,343m
- Published:
30 Oct 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
FCA increased shipments by 8% to 3.53m through to September (+7% to 1.12m in Q3) which resulted in automotive revenue of almost €80m (+3.6%). In fact, revenue growth accelerated to 10% in Q3. Based on management’s definition, adjusted EBIT increased by 2.0% to €5.26bn (+13% to just below €2.0bn in Q3). These numbers are higher than our expectation (shipments: 3.50m, revenue: €76bn, EBIT: €4.88bn).