Fiat SpA Updates FY 2013 Guidance


Wednesday, 30 Oct 2013 08:43am EDT 

Fiat SpA announced that it updated the Company's guidance for fiscal year 2013. The Company for fiscal year 2013 expects revenues of approximately EUR 88 billion (from the EUR 88 - EUR 92 billion range, or EUR 84 - EUR 88 billion range at current exchange rates); trading profit in the EUR 3.5 - EUR 3.8 billion range (from the EUR 4.0 - EUR 4.5 billion range, or EUR 3.7 - EUR 4.2 billion range at current exchange rates); net profit in the EUR 0.9 - EUR 1.2 billion range (from the EUR 1.2 - EUR 1.5 billion range or EUR 1.0 - EUR 1.3 billion range at current exchange rates); net industrial debt in the EUR 7.0 - EUR 7.5 billion range (from approximately EUR 7.0 billion, which did not include the approximately EUR 0.2 billion negative impact from the third quarter equity investments net of exchange rates). According to I/B/E/S Estimates, analysts on average are expecting the Company to report for fiscal year 2013 EBIT of EUR 3,871.99 million. 

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