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Provider: Reuters Investment Profile
Provider: Reuters Investment Profile

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Fiat SpA Announces Not to Recommend FY 2012 Dividend; Confirms FY 2013 Revenues, Trading Profit and Net Profit Guidance

Wednesday, 30 Jan 2013 08:19am EST 

Fiat SpA announced that the Board of Directors, pending approval of Fiat’s 2012 financial statements on February 20, 2013, has decided, for fiscal year 2012, not to recommend a dividend payment on Fiat shares, given the Company’s desire to maintain a high level of liquidity and the existence of certain restrictions on the ability of Chrysler to pay dividends to its members. Fiat SpA also announced that it has confirmed the Company's fiscal year 2013 revenues, trading profit and net profit guidance. The Company expects for fiscal year 2013 revenues in the range of EUR 88 billion and EUR 92 billion, trading profit in the range of EUR 4.0 billion and EUR 4.5 billion and net profit in the range of EUR 1.2 billion and EUR 1.5 billion. 

Company Quote

-0.11 -1.10%
22 Jul 2014