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STLA Stellantis NV

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Share Name Share Symbol Market Type
Stellantis NV BIT:STLA Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Fiat Chrysler's Net Profit Jumps on Improved European Performance

27/07/2016 1:30pm

Dow Jones News


Stellantis NV (BIT:STLA)
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Fiat Chrysler Automobiles NV said Wednesday second-quarter net profit rose 25% as the Italian-American car maker's performance improved in Europe while holding steady in North America.

Net profit rose to €321 million ($353 million) from €257 million in the same period last year. Revenue fell 2% to €27.89 billion from €28.54 billion. Adjusted operating profit rose 16% to €1.63 billion while net financial debt fell to €5.47 billion.

The company nudged up its full-year financial guidance and now sees revenue this year of more than €112 billion, an increase of €2 billion. Adjusted operating profit is seen at more than €2 billion, up from a previous forecast of €1.9 billion.

Write to Eric Sylvers at eric.sylvers@wsj.com

 

(END) Dow Jones Newswires

July 27, 2016 08:15 ET (12:15 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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