FCA: 2019 Full Year and Fourth Quarter Results

During 2019, FCA delivered on its commitment to continued shareholder value generation as record North America and improved Latin America...


During 2019, FCA delivered on its commitment to continued shareholder value generation as record North America and improved Latin America results led to strong Group performance, with Adjusted EBIT margin reaching 6.2 percent.

The Ram and Jeep brands drove North American results as strong sales of the all-new Ram Heavy-Duty, Ram 1500 and Ram 1500 Classic resulted in record Ram brand sales in the U.S., up 18%. The successful launch of the all-new Jeep Gladiator, which was recently named the 2020 North American Truck of the Year, was also a key factor in delivering record results in North America. In Latin America, positive performance in Brazil more than offset headwinds from weak market conditions in Argentina and other countries in the region. Strong operating performance drove Industrial free cash flows of €2.1 billion.

In addition to continued strong performance, the Group reinstated shareholder remuneration with the commencement of an ordinary annual dividend and the payment of an extraordinary dividend upon completing the sale of Magneti Marelli in Q2 2019.

FCA also took numerous actions during the year to lay the groundwork for continued value creation. In Q1, we committed investments to expand production capacity in Michigan for the next generation Jeep Grand Cherokee, all-new Jeep Wagoneer and Grand Wagoneer and an all- new three-row full-size Jeep SUV. In Q2, we executed partnership agreements with Enel X and ENGIE Group to develop e-mobility solutions for electrified vehicles in Europe. In Q3, we announced plans to renew, expand and electrify the Maserati product portfolio. In Q4, we entered into an agreement to sell the Group’s cast iron automotive components business operated through our subsidiary, Teksid S.p.A.

Finally, FCA and Groupe PSA agreed to a 50/50 merger that will create a leading global mobility company. The merger, which is expected to close at the end of 2020 or early 2021, is expected to generate approximately €3.7 billion of annual synergies at run-rate.
FCA expects continued strong performance in 2020 and confirms guidance:
• Adjusted EBIT >€7.0 billion
• Adjusted diluted EPS >€2.80
• Industrial free cash flows >€2.0 billion
Name

Books,6,Business,38,Canada,5,cutpress,1,Events,35,ItalianAmericans,44,linkedin,7,Mercurpress,11,News,17,opinionmakers,1,People,52,Public Diplomacy,14,Video,2,
ltr
item
Italy USA Magazine: FCA: 2019 Full Year and Fourth Quarter Results
FCA: 2019 Full Year and Fourth Quarter Results
https://1.bp.blogspot.com/-LsUUKWcAk3s/XlKlF0ffPeI/AAAAAAAACN8/UeRNmBiLIKQNJSnHgyqXAyokR6hod_DjwCLcBGAsYHQ/s1600/greyscale-and-closeup-photograph-of-fiat-steering-wheel-698699.jpg
https://1.bp.blogspot.com/-LsUUKWcAk3s/XlKlF0ffPeI/AAAAAAAACN8/UeRNmBiLIKQNJSnHgyqXAyokR6hod_DjwCLcBGAsYHQ/s72-c/greyscale-and-closeup-photograph-of-fiat-steering-wheel-698699.jpg
Italy USA Magazine
https://www.italyusa.org/2020/02/fca-2019-full-year-and-fourth-quarter.html
https://www.italyusa.org/
https://www.italyusa.org/
https://www.italyusa.org/2020/02/fca-2019-full-year-and-fourth-quarter.html
true
5386449464638396451
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy