Fiat Chrysler Issues 2020 View After Rise in 3Q Profit
28 Octobre 2020 - 12:59PM
Dow Jones News
By Kim Richters
Fiat Chrysler Automobiles NV said Wednesday that it swung to a
third-quarter net profit, and provided guidance for the full
year.
The Italian-American car maker posted a net profit of 1.21
billion euros ($1.43 billion) compared with a loss of EUR179
million for the same period the year prior.
It posted adjusted earnings before interest and taxes of EUR2.28
billion compared with EUR1.96 billion a year earlier. Its adjusted
earnings exclude certain effects such as investments disposals or
restructuring.
Quarterly revenue fell 6% to EUR25.81 billion.
For the full year, the company expects adjusted EBIT in the
range of EUR3.0 billion and EUR3.5 billion and industrial cash
flows of between minus EUR1.0 billion and EUR0.0 billion. Its
targets are based on the assumption of no additional significant
disruptions related to the coronavirus pandemic.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
October 28, 2020 07:44 ET (11:44 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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