Fiat Industrial Q1 2013 trading in line with Q1 2012

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
April 30, 2013 Read time: 1 min
6892 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 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 (1595 CNH) posted revenues of €3.797 billion – a 0.7% increase over Q1 2012.

Trucks and Commercial Vehicles (2409 Iveco) reported revenues of €1.825 billion, a 3.9% drop from Q1 2012 revenues.

FI’s Powertrain business (FPT Industrial) achieved results of €740 million, a 9.1% increase attributable, said FI, to higher volumes.

For more information on companies in this article

Related Content

  • Wacker Neuson’s good financial results
    November 11, 2021
    Wacker Neuson is seeing good financial results for Q3.
    Read More
  • Wacker Neuson Group confident for 2016 despite a difficult start
    May 13, 2016
    During the first quarter of 2016, international light and compact equipment manufacturer Wacker Neuson continued to feel the impact of difficult conditions across many of its markets, in particular in the Americas region. Although the group managed to maintain revenue at almost the same level as the record-breaking prior-year quarter, it reported lower profit figures for the period. Company management confirmed its forecast for fiscal 2016. Group revenue for the first quarter of 2016 amounted to €316.
    Read More
  • Wacker Neuson’s strong growth in third quarter
    November 8, 2019
    The Wacker Neuson Group reports strong growth in its business activities in its third quarter for 2019. There was a double-digit rise in revenue to €467.2 million, a growth of 12.4% over the €415.8 million recorded for the same period in 2018. However the EBIT ratio was slightly below the result for the previous year at €40.2 million, a drop of 4%. The firm says that this growth was fuelled by significant gains in all three reporting regions. Group revenue for the first nine months of the year amounted t
    Read More
  • India’s massive demand for construction machines
    June 17, 2016
    India is the new focus for the world construction industry market. In 2015 there was a change in perspective in Asia, with demand for machines in China dropping in terms of construction growth. India posted growth of 5.3% during 2015, while China achieved growth of 4%. This change at the top has been confirmed by the SaMoTer-Verona Outlook. This is a construction sector observatory group set up in partnership with Prometeia, the international economic consulting and research firm, with the support of Una
    Read More

Highlighted Content