-=Fiat Chrysler (FCAU) reported earnings on Thur 31 Oct 19 (b/o)

Fiat Chrysler and Groupe PSA to join together in merger of equals
Discussions have opened a path to the creation of a new group with global scale and resources owned 50% by Groupe PSA shareholders and 50% by FCA shareholders. In a rapidly changing environment, with new challenges in connected, electrified, shared and autonomous mobility, the combined entity would leverage its strong global R&D footprint and ecosystem to foster innovation and meet these challenges with speed and capital efficiency.

• The combination would create the 4th largest global OEM in terms of annual unit sales (8.7m vehicles)
  At its inception, the combined company would realize among the highest margins in the markets where it would operate, based on FCA's strength in North America and
• Latin America and Groupe PSA's in Europe
  The combination would unite the groups' respective brand strengths across Luxury, Premium, Mainstream Passenger Car, SUV and Trucks & Light Commercial -- making them stronger together
• The merged entity would bring together the companies' extensive and growing capabilities in the technologies shaping the new era of sustainable mobility, including electrified powertrain, autonomous driving and digital connectivity
• Approximately 3.7 billion estimated annual run-rate synergies without any plant closures resulting from the transaction
• Highly respected combined management team recognised for exceptional value creation and with proven success in previous OEM combinations
• Dutch parent company Board would have balanced representation and a majority of independent Directors. John Elkann as Chairman and Carlos Tavares as CEO and member of the Board

Here are more merger details:

• Brands: FCA‘s portfolio includes Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, Ram, and Maserati, while PSA brings Peugeot, Citroën, DS, Opel, and Vauxhall to the table.
• Size: The two companies together sold 8.7 million vehicles last year, with revenues of just under $190 billion. Employees of the two businesses total an estimated 410,000.
• Leadership: PSA’s Carlos Tavares will be the CEO of the newly combined company for the first five years. John Elkann, FCA’s chairman and American-born heir to the Italian family that founded Fiat, will be its chairman.
• Financials: The shareholders of FCA and PSA will each own 50% of the equity of the new entity.

Fiat completed its acquisition of Chrysler in 2014. It first took control of the beleaguered American car company in 2009. (That wasn’t the first time Chrysler experienced foreign ownership; Daimler-Benz bought it in 1998.)

Fiat Chrysler beats by EUR 0.01, misses on revs; reaffirms FY19 EPS guidance; merging with Peugeot

Reports Q3 (Sep) earnings of 0.81 per share, excluding non-recurring items, 0.01 better than the S&P Capital IQ Consensus of 0.80; revenues fell 1.0% year/year to 27.32 bln vs the 27.62 bln S&P Capital IQ Consensus. Record Adjusted EBIT of 2.0 billion for both the Group and North America, with record margins of 7.2% and 10.6%, respectively Worldwide combined shipments of 1,059 thousand units, down 9%, primarily due to continued dealer stock discipline in North America. Record North America results, with Adjusted EBIT of 2.0 billion, margin at 10.6%, up 40 bps

Co reaffirms guidance for FY19, sees EPS of at least EUR 2.70 vs. 2.67 S&P Capital IQ Consensus.

Announced merger of equals with Peugot this morning. The proposed combination would create the 4th largest global OEM in terms of unit sales (8.7 million vehicles), with combined revenues of nearly 170 billion1 and recurring operating profit of over 11 billion2 on a simple aggregated basis of 2018 results excluding Magneti Marelli and Faurecia.

=Fiat Chrysler (FCAU) reported earnings on Thur 25 Jan 2018 (BMO)

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 

=Fiat Chrysler (FCAU) reported earnings on Wed 27 Jul 2016 (b/o)

Fiat Chrysler misses by EUR 0.02, misses on revs; raises FY16 guidance  :

• Reports Q2 (Jun) earnings of 0.45 per share, excluding non-recurring items, 0.02 worse than the Capital IQ Consensus of 0.47; revenues fell 2.3% year/year to 27.89 bln vs the 29.25 bln Capital IQ Consensus. 
• Worldwide consolidated shipments of 1,175 thousand units, down 1% driven by APAC due to transition to local Jeep production in China. Worldwide combined shipments (including JVs) were 1,233 thousand units, up 1%, LATAM reduction more than offset by EMEA increase.
• Adjusted EBIT increased 16% to 1,628 million, with EMEA more than doubled and improved margins for all regions and Components. EBIT decreased 14% to 1,060 million primarily due to charges for Takata airbag inflator recalls of 414 million
• Co issues guidance for FY16, raises FY16 revs to > EUR 112 bln from > EUR 110 bln vs. 113.37 bln Capital IQ Consensus. Adjusted EBIT raised to > 5.5 billion from > 5.0 billion; Adjusted net profit raised to > 2.0 billion from > 1.9 billion; Net industrial debt

-=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.