Fiat Industrial achieves 6.2% revenues growth in 2012

Fiat Industrial achieved a 6.2% rise in revenues and trading profit in excess of US$2.71 billion (€2bn) during 2012 – an increase of 23.3% over 2011. Revenues in 2012 totalled €25.8 billion, as continued robust growth for agricultural equipment is said to have more than compensated for weaker trading conditions in other businesses. Trading profit was €2,079 million, up €393 million over 2011, with trading margin improving 1.2% to 8.1% on the back of what Fiat Industrial said was continued strong performance
February 1, 2013 Read time: 2 mins
6892 Fiat Industrial achieved a 6.2% rise in revenues and trading profit in excess of US$2.71 billion (€2bn) during 2012 – an increase of 23.3% over 2011.

Revenues in 2012 totalled €25.8 billion, as continued robust growth for agricultural equipment is said to have more than compensated for weaker trading conditions in other businesses.

Trading profit was €2,079 million, up €393 million over 2011, with trading margin improving 1.2% to 8.1% on the back of what Fiat Industrial said was continued strong performance from 1595 CNH.

Meanwhile, net profit increased 31% to €921 million, compared with €701 million in 2011. Net industrial debt increased €0.4 billion to €1.6 billion (€1.2 billion at year-end 2011), as positive cash flow from operating activities was offset by significant capital expenditure levels, mainly related to capacity expansion for CNH and engine emissions compliance programs, and dividend payments totalling more than €0.4 billion (including €0.2 billion to the minority shareholders of CNH Global N.V.). Available liquidity totalled €6.2 billion (€7.3 billion at year-end 2011).

The Fiat Industrial Board of Directors is said to be recommending a total dividend for 2012 of €275 million.

For 2013, the Group is predicting revenues to increase by 5%, trading margin of between 8.3% and 8.5%, and net industrial debt of between €1.1 billion and €1.4 billion.

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