Fiat Chrysler’s 1Q18 revenues
In 1Q18, Fiat Chrysler’s total revenues (FCAU) stood at 27.0 billion euros, or $32.4 billion. These revenues reflected a drop of about 2% YoY (year-over-year). In this part, we’ll take a closer look at Fiat Chrysler’s 1Q18 shipments and revenues from its NAFTA (North American Free Trade Agreement) region.
Fiat Chrysler’s consolidated global shipments in 1Q18 stood at 1.15 million vehicle units, up 7% against 1.08 million in the corresponding quarter of 2017. The company attributed this positive growth in the consolidated shipments to strong global demand for Jeep brand vehicles, which went up 37% YoY.
At the same time, FCAU’s combined global shipments, which include shipments from the company’s joint ventures, rose 5% YoY.
NAFTA revenues fell
During the first quarter this year, Fiat Chrysler shipped about 646,000 vehicles in North America, about 6% higher than the ~609,000 vehicle units shipped in 1Q17. Despite these higher shipments, the company’s revenues from the NAFTA region fell ~4% YoY to 16.4 billion euros, or $19.6 billion.
Unfavorable currency movement was the key factor that hurt FCAU’s NAFTA revenues in the first quarter. Fiat Chrysler reports its earnings in the euro. Thus, investors should pay attention to its euro financial figures to get an accurate idea about the existing trend.
On the brighter side, positive product mix, higher volume, and improved net pricing acted in favor of the company’s NAFTA revenues.
Fiat Chrysler generates the majority of its revenues from the North America region. Other automakers such as (IYK) General Motors (GM), Toyota (TM), and Ford (F) also make a large portion of their revenues from North America.
Continue to the next part to learn about Fiat Chrysler’s 1Q18 revenues from its other main markets.