FCA : Strengths still present beyond H1
>Publication and message relatively consistent with expectations - With most European carmakers having already reported their figures (+Ford in the US), expectations were low for FCA’s Q1 2020 figures. The main focus was on its balance sheet, short-term outlook and comments about the terms of the merger with PSA. On the first point, the cash burn of € 5.1bn in Q1 (mainly driven by WCR headwind despite strict inventory management) was probably on the low-end of expecta...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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