Next Tuesday, July 31st, Fiat is expected to report the sales results for the first half of this year.
Analysts believe that although the company faces some really tough times in Europe, they still expect Fist to report a good profit due to strong performances in South-America and the US. The past quarter profit was 370 million euro and the annualized profit will be 1,32 billion euro. Twenty-four analysts expect an operating result of 965 million euro, from which 870 million coming from Chrysler, and the rest of 95 million from Maserati and Ferrari. Fiat’s debts will also decrease by the end of this year from 5.8 billion in 2011 to 5.7 billion.
The most important rating agencies are also beginning to give the company more credibility, and the American ‘True Car’ named Fiat a reliable company offering it a B+ for the fourth place. On the national list Fiat got an A-, on the third place with BMW and Toyota. Goldman Sachs has increased Fiat’s target price from 7,4 to 8 euro.
If many doubted Fiat’s move to take over Chrysler, now the company has proved that the complete takeover within 18 months helped the company make a big leap forward.