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FCA celebrated the result of the first quarter of 2017, although debt climbs

Grupo FCA

Rebirth of Alfa Romeo, repositioning and success that is living Maserati and the well that you are the things Ferrari are the best example that things seem to be going well in Fiat Chrysler Automobiles (FCA). In addition, Jeep ever is better positioned in the market, because its sales continue to grow beyond where are seeking. The Italian-American group is sweating blood to match its industrial puzzle pieces as before the retirement of Sergio Marchionne things should be rolling solo.

One of the most delicate points of the current situation facing conglomerate FCA are bills and above all, its debt. This is the point that most worries investors and analysts as it is one of the highest in the entire sector. However, it seems that numbers (and the stars) are aligning to the economic group results are taking shape. Proof of this is that the first quarter of this year the turnover of the group grew 4 percent reaching 27.7 billion euros.

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The miracle that has allowed these numbers has not been to the good results that have been harvested in the European market. The profit before tax has reached the 1.5 billion euro (11 per cent more). All this has been possible because they have sold 1.14 million cars, representing a 1 per cent more. However, after the positive reading of the results obtained by FCA plays talk about the downside.

According to the accounts of the group, the same not only debt has not diminished, but that has regrown. At the end of 2016 the total amount amounted to 4.6 billion euros, but at the end of March reached 5.1 billion. Another point that also has suffered is the liquidity of the company as it has gone from the 24 billion of euros to 210 billion. However, Sergio Marchionne seems not worry you therefore hopes that the end of year meet their expectations and finish with a profit of 3 billion euros and a debt of 2.5 billion drop.

What is more 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 per cent per registered unit and this year the gain has grown up to 11.3 percent. In addition, with the exception of the American continent, in other areas of the world the Group’s sales continue to grow by what reach the numbers predicted by Marchionne not should pose a problem for FCA.

We’ll see what happens when bid farewell to 2017.

Source – Fiat Chrysler Automobiles (FCA)

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