Fiat Chrysler beats by EUR 0.06, misses on revs; guides FY18 revs above consensus
- Reports Q4 (Dec) earnings of 0.70 per share, excluding non-recurring items, 0.06 better thanthe Capital IQ Consensus of 0.64; revenues fell 2.8% year/year to 28.88 bln vs the 30.08 bln Capital IQ Consensus.
- Adj. EBIT of EUR 7.1 bln (+16% y/y)
- Group Margin of 6.4% (+90 BPs)
- Co reduced net industrial debt to EUR 39 bln vs. EUR 4.405 bln last quarter.
- Long term debt stands at EUR 17.9 bln vs. EUR 18.64 bln last quarter and EUR 24.08 bln last year
- Co issues upside guidance for FY18, sees FY18 revs of 125 bln vs. 116.17 bln Capital IQ Consensus Estimate.
- Sees Adj. EBIT of EUR 8.7 bln, adj net income of EUR 5 bln
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