Fiat Chrysler Automobiles (FCA) recorded a net profit of 333m (£233m) for the second quarter of the year, up 69% compared to the same period in 2014.
The group’s net revenues increased by 25% to 29.2bn, while industrial debt declined by 0.6bn to 8bn. In the North American Free Trade Agreement (NAFTA) area revenues were up by 40%; while in Europe, the Middle East and Africa (EMEA) there was a 23% growth. In the Latin American countries (LATAM) FCA operates in, overall revenues shrunk by 15%.
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Worldwide shipments were 1.2 million units, in line with Q2 2014, with strong performance in NAFTA and EMEA partly offset by continued weak market conditions in LATAM. Jeep’s positive performance continued with worldwide shipments up 27%.
Following the positive results the group revised upwards its full-year guidance. FCA now expects worldwide shipments to reach approximately 4.8m units, net revenues are forecasted to exceed 110bn and net profits are expected to reach 1bn – 1.2bn by the end of 2015.
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