
Originariamente Scritto da
fiatgroup.com FIAT GROUP CLOSES SECOND QUARTER 2008 WITH THE HIGHEST SALES AND TRADING PROFIT IN ITS HISTORY
AND THE 14TH CONSECUTIVE QUARTERLY YEAR-OVER-YEAR IMPROVEMENT
•
Revenues reached €17 billion, nearly
12% up on the prior year, with all businesses contributing to the increase.
• Quarterly
trading profit exceeded the €1 billion mark for the first time ever: at €1,131 million
it improved €185
million or
+19.6%, with margins increasing to 6.7% from 6.2%.
• Pre-tax
profits rose €80 million to €955 million, with the strong increase in operating performance being partially
offset by a €148 million worsening in the mark-to-market value of two stock option related equity swaps.
• Net profit of €646 million was €19 million higher than prior year.
• Net Industrial Cash Flow remained strong at approximately €1.1 billion (exclusive of dividends and share
buybacks).
• The Group reaffirms its commitment to meet 2008 & 2009 targets.
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