(ANSA) - TURIN, FEB 6 - FCA closed 2019 with a small utility of 2.7 billion euros, down 19% and a net adjusted profit of 4.3 billion euros (-9%). Net revenues amounted to 108.2 billion euros and are down 2%. The group confirms the 2020 objectives. "2019 was an historic event for FCA. We have continued to create value for our shareholders and undertaken initiatives aimed at future growth, substantially strengthening our financial position, committing ourselves to invest in key products and perfecting a Combination Agreement. with Psa, "comments CEO Mike Manley.
In the fourth quarter the group recorded results: net profit of 1.6 billion euros, up 35% on the same period of the previous year, adjusted net profit of 1.5 billion euros (+ 3%) and net revenues to 29.6 billion (+ 1%). The merger with PSA "is expected to close at the end of 2020 or early 2021 and will generate synergies which are estimated at around 3.7 billion euros on an annual basis".
FCA: profit down, but record quarter
2020-02-06T12:46:15.969Z
FCA closed 2019 with a net profit of 2.7 billion euros, down 19% and an adjusted net profit of 4.3 billion euros (-9%). Net revenues amount to € 108.2 billion and are down 2%. The group confirms the 2020 targets. (ANSA)