-=Fiat Chrysler (FCAU) reported Q1 earnings on Tue 26 Apr 2016 (b/o)

Fiat Chrysler beats by EUR 0.10, misses on revs; reaffirms FY16 guidance :

• Reports Q1 (Mar) earnings of 0.34 per share, excluding non-recurring items, 0.10 better than the two analyst estimate of 0.24; revenues rose 2.8% year/year to 26.57 bln vs the 27.72 bln Capital IQ Consensus. 
  • Worldwide shipments of 1,086 thousand units (-1%), in line with Q1 2015; Jeep worldwide shipments up 15% from Q1 2015 to 326 thousand units
  • Adj. EBIT increased 97% to 1,379 million driven by increased margins in NAFTA and EMEA Group; Adjusted EBIT margin nearly doubled to 5.2% from 2.7% in Q1 2015; All segments contributed positively despite continued difficult trading conditions in LATAM and transition to localized production from export model in APAC; Adjusted EBIT margins up in NAFTA, doubling to 7.2%, and up nearly four-fold to 1.9% in EMEA
• Co reaffirms guidance for FY16, sees FY16 revs > EUR 110 bln vs. 114.8 bln Capital IQ Consensus; adj. EBIT > EUR 5 bln; adj. net profit > EUR 1.9 bln.