Adjusted net profit reached €0.5 billion. Full year guidance is confirmed
- Worldwide shipments of 1,086 thousand units, in line with Q1 2015; Jeep worldwide shipments up 15% from Q1 2015 to 326 thousand units
- Net revenues of €26.6 billion, 3% higher than Q1 2015 (+4% at constant exchange rates, or CER)
- Adjusted EBIT margins up in NAFTA, doubling to 7.2%, and up nearly four-fold to 1.9% in EMEA
- Adjusted net profit of €528 million, €497 million higher than Q1 2015
- Net industrial debt of €6.6 billion, an increase of €1.5 billion from December 2015 due to seasonality and foreign exchange impacts; Available liquidity of €24.3 billion, consistent with December 2015
- Long-term debt rating raised to “BB”from “BB-“by Standard & Poor’s with”Stable”outlook confirmed
- Market share in U.S. increased to 13.2%, up 70 bps, and in Europe to 6.7%, up 50 bps. Maintained market leadership in Brazil with 180 bps gap to nearest competitor. Increased Jeep sales in APAC by 17% as production localization proceeds
- In the quarter, started production of the all-new Chrysler Pacifica, Maserati Levante and Fiat Mobi; in China, Jeep Renegade production started in April
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