Fiat Industrial’s (FI) revenues of €5.802 billion in Q1 2013 were just 0.6% down on its €5.837 billion revenues of Q1 2012, the Group has disclosed. FI said a growth in its agricultural machinery and engines businesses was able to offset “more challenging” trading conditions in the construction equipment and truck and commercial vehicles sectors. The Group posted a trading profit of €408 million in Q1 2013, down from €430 million over the same three months of 2012. Meanwhile, net industrial debt increased t
FI said a growth in its agricultural machinery and engines businesses was able to offset “more challenging” trading conditions in the construction equipment and truck and commercial vehicles sectors.
The Group posted a trading profit of €408 million in Q1 2013, down from €430 million over the same three months of 2012. Meanwhile, net industrial debt increased to €2.5 billion. This figure is said to be a reflection of seasonal working capital absorption and sustained capital expenditure. Available liquidity, said FI, totalled €5.1 billion.
Within FI, Agricultural and Construction Equipment (
Trucks and Commercial Vehicles (
FI’s Powertrain business (FPT Industrial) achieved results of €740 million, a 9.1% increase attributable, said FI, to higher volumes.
