Fiat Chrysler increased its net profit for the year 2019 1.8 times

One of the world’s largest manufacturers of Fiat Chrysler Automobiles (FCA) in 2019 increased its net profit by 1.8 times compared to the 2018.

the report said FCA, with net profit of the automaker last year was 6.63 billion euros.

however, adjusted diluted earnings per share amounted to 2.73 Euro whereas year before this indicator made 3 euros per share. The revenue of Fiat Chrysler Automobiles fell by 2 percent to 108,187 billion euros.

In the IV quarter the net profit of the automaker grew by 19% in annual terms — up to 1,538 billion euros. Adjusted diluted earnings per share rose to 0.97 euros against a profit of 0,94 euros a year earlier. Experts predicted the net profit to EUR 0.99.

the FCA Revenues for the reporting period increased by 1% to 29,643 billion euros.

For a year supply of the company amounted to 4,418 million vehicles, a decrease of 9%. The FCA expects adjusted diluted earnings per share by the end of 2020 will exceed 2.8 euros.

the closing of the merger FCA with the PSA Group (Peugeot-Citroen), which was announced in December 2019, to be held by the end of 2020 or early 2021.