In the past few years the Fiat Group underwent a restructuring and relaunch plan that laid the basis for the company’s future growth in industrial, financial and commercial terms. 2005 was the year of the turnaround with the Group posting a net income once again. Improvements continued throughout 2006, with the Automobiles Sector posting a positive full-year trading result for the first time since 2000. The other Sectors, especially Iveco and CNH, also posted satisfactory increases in revenues and significant margin growth. And, again in 2006, for the first time after five years Fiat paid dividends to its stockholders.
These brilliant results were confirmed by the achievements of 2007: the Group regained market shares in all sectors and its 2007 full-year targets, which had been moved up during the year, were exceeded.
In 2007, trading profit totalled 3.2 billion euros, revenues reached 58.5 billion euros, while net industrial debt was extinguished (December 31, 2006: negative by 1.8 billion euros). At December 31, 2007, the Group had a net industrial cash position of 355 million euros.
Tangible growth
FY 2007 vs. FY 2006
Revenues:
Group +12.9% to 58.5 billion euros
Automobiles +13.4% to 29.0 billion euros
CNH +12.5% to 11.8 billion euros
Iveco +22.5% to 11.2 billion euros
Trading profit :
Group + 65.7% to 3.2 billion euros
Automobiles +147.8% to 1.1 billion euros
CNH +34.3% to 990 million euros
Iveco +48.9% to 813 billion euros
The plan set out for the coming years is even more ambitious and challenging. It is a plan geared for growth. Improved operating performance across all businesses, sustained by significant investments, and increased profitability in every activity will consolidate Fiat’s position as a major industrial group.