FCA welcomes the outcome of the first quarter of 2017, while the debt climbs

Grupo FCA

rebirth of Alfa Romeo, the repositioning and success is living Maserati and him going to Ferrari are the best example of that things seem to go well in Fiat Chrysler Automobile (FCA). In addition, Jeep ever is best positioned in the market, because their sales do not grow beyond where they propose. The group italo-american is sweating blood to fit the pieces of your puzzle industrial well before the retirement of Sergio Marchionne things should be rolling alone.

One of the finer points of the current situation that crosses the conglomerate FCA are your accounts and above all, your debt. This is the point that most worries investors and analysts as it is one of the highest in the industry. However, it seems that the numbers (and the stars) are lining up for that the economic performance of the group will, taking the form. Proof of this is that the first quarter of this year, the group’s turnover grew 4 percent, reaching the 27.7 billion euros.

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The miracle that has allowed these numbers there has been another good results they have garnered in the european market. The profit before tax has reached 1.5 billion euros (11 percent more). All this has been possible thanks to have been sold 1.14 million cars, which represents a 1 percent. However, after the positive reading of the results obtained by FCA tap to talk about the negative part.

According to the accounts of the group, debt not only has not diminished, but has grown again. At the end of 2016, the total amount amounted to 4.6 billion euros, but at the end of march amounted to 5.1 billion. Another point that is affected is the company’s liquidity as it has gone from 24 billion euros to 210 billion. All in all, to Sergio Marchionne seems not to worry because expected to the end of the year meets his expectations, and finish with a profit of 3 billion euros and a fall of the debt of 2.5 billion.

The aspect that more is changing FCA to improve their income has to do with the profitability for each unit sold. In the first quarter of 2016 only earned a 3.1 percent per unit enrolled, and this year the gain has grown to 11.3 percent. In addition, with the exception of the american continent, in the rest of areas of the world the group’s sales continue to grow, so they achieve the numbers predicted by Marchionne should not pose a problem for the FCA.

we’ll see what happens when 2017 is fire.

Source – Fiat Chrysler Cars (FCA)

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