Fiat Chrysler 3Q Results on Track to 2018 Profit Targets; Maintaining EUR 18 FVE
No-moat-rated Fiat Chrysler reported third-quarter 2017 earnings per share before special items of EUR 0.59, beating the sell-side EPS consensus of EUR 0.50 by EUR 0.09. While revenue declined by 2% on an as-reported basis, excluding a negative 4-percentage-point impact from currency translation, revenue would have increased 4% year over year. Adjusted EBIT margin (excludes special items) increased 17%, while margin expanded 110 basis points to 6.7% compared with the third quarter of 2016.The y...
Fiat Chrysler Automobiles is a holding company. Through its subsidiaries, Co. is an international automotive group engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. Co. has operations in approx. 40 countries and sells its vehicles directly or through distributors and dealers in more than 140 countries. Co. designs, engineers, manufactures, distributes and sells vehicles for the mass market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands and the SRT performance vehicle designation.
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