O37
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Interesting reading, maybe down to the uncertainty in the diesel market
http://finanza-24h.com/fca-in-1-tri...onsegne-ma-crescono-granturismo-e-grancabrio/
NYSE: FCA: in 1* trim for Maserati drop deliveries, but grow GranTurismo and GranCabrio
From agency - April 26, 2018
In the first quarter Maserati recorded a decrease in deliveries, essentially due to lower volumes of the Levante, partly offset by the growth of GranTurismo and GranCabrio.
In detail, according to a note, in the first quarter of 2018 these stood at 9.4 thousand units compared to 11.9 thousand in the same period of 2017.
Net revenues amounted to 754 mln compared to 949 mln in the same period of 2017. The decrease in net revenues is mainly due to the reduction in volumes and the negative impacts of the conversion rates, offset in part by the positive market and price effect mix.
The adjusted EBIT amounted to 86 million (107 million in the same period of the previous year). The adjusted EBIT margin is 11.4% compared to 11.3% a year ago. The drop in Adjusted EBIT is mainly attributable to lower volumes and negative exchange rate effects, partly offset by efficiencies on industrial costs and general, administrative and sales expenses, as well as by the favourable market mix.
The net revenues of the components (Magneti Marelli, Comau) are mostly in line with the previous year, with the increase in volumes in all three businesses offset by the negative effects of the conversion rates. Adjusted EBIT is in line with the first quarter of 2017, up 8% at constant exchange rates.
http://finanza-24h.com/fca-in-1-tri...onsegne-ma-crescono-granturismo-e-grancabrio/
NYSE: FCA: in 1* trim for Maserati drop deliveries, but grow GranTurismo and GranCabrio
From agency - April 26, 2018
In the first quarter Maserati recorded a decrease in deliveries, essentially due to lower volumes of the Levante, partly offset by the growth of GranTurismo and GranCabrio.
In detail, according to a note, in the first quarter of 2018 these stood at 9.4 thousand units compared to 11.9 thousand in the same period of 2017.
Net revenues amounted to 754 mln compared to 949 mln in the same period of 2017. The decrease in net revenues is mainly due to the reduction in volumes and the negative impacts of the conversion rates, offset in part by the positive market and price effect mix.
The adjusted EBIT amounted to 86 million (107 million in the same period of the previous year). The adjusted EBIT margin is 11.4% compared to 11.3% a year ago. The drop in Adjusted EBIT is mainly attributable to lower volumes and negative exchange rate effects, partly offset by efficiencies on industrial costs and general, administrative and sales expenses, as well as by the favourable market mix.
The net revenues of the components (Magneti Marelli, Comau) are mostly in line with the previous year, with the increase in volumes in all three businesses offset by the negative effects of the conversion rates. Adjusted EBIT is in line with the first quarter of 2017, up 8% at constant exchange rates.