Fiat Chrysler Automobiles N.V. (FCAU) Recent Earnings
Fiat Chrysler Automobiles N.V. (FCAU) reported a 2nd Quarter June 2020 loss of $0.72 per share on revenue of $12.9 billion. The consensus estimate was a loss of $1.98 per share. Revenue fell 57.1% compared to the same quarter a year ago.
Fiat Chrysler Automobiles NV designs, engineers, manufactures, distributes and sells vehicles for the mass market under the Fiat, Alfa Romeo, Lancia, Abarth and Fiat Professional brands and Chrysler brands such as Chrysler, Jeep, Dodge and among others.
FCA N.V. 2020 Second Quarter Results.
Following is a summary of the “FCA N.V. Q2 2020 RESULTS” press release. A PDF of the complete press release is attached to this email. The document is also available in the media section of the FCA corporate website:
FCA contains Q2 COVID-19 impact with Net loss from continuing operations and Adjusted net loss both of €(1.0) billion; Adjusted EBIT €(0.9) billion. North America profitable. Industrial free cash flows €(4.9) billion. Available liquidity at June
30, 2020 of €17.5 billion excludes €4.5 billion undrawn portion of the Intesa Sanpaolo loan facility. Results and operating cash flows significantly improved in June.
Source: Fiat Chrysler Automobiles N.V.