Chrysler 2011 Annual Report Download - page 100

99
Outlook
Fiat remains fully committed to the strategic direction laid out in the 5-year plans presented in November 2009 for Chrysler and April 2010 for Fiat.
Having reviewed economic and trading conditions in the Group’s four operating regions, Fiat confirms performance expectations for North America, Latin
America and Asia-Pacific.
Events of the past 12 months, and more particularly the last half of 2011, have cast doubt on the volume assumptions governing the overall market and the
Group’s own development plans for Europe up to the end of 2014. The level of uncertainty regarding economic activity in the eurozone for the foreseeable
future has made specific projections of financial performance unreliable. As a result, the Group has provided guidance for 2012 in terms of ranges, from
continuing depressed trading conditions in Europe to a gradual stabilization and recovery at the very end of 2012.
As a consequence, Fiat’s 2012 full-year guidance is as follows:
Revenues in excess of €77 billion
Trading profit between €3.8 and €4.5 billion
Net profit between €1.2 and €1.5 billion
Net industrial debt between €5.5 and €6.0 billion
As events unfold throughout the remainder of the year, the Group expects to fully articulate the effect of the eurozone economic climate on its 2014 plan
when releasing Q3 2012 results.
While working on achievement of its financial targets, Fiat will continue its strategy of targeted alliances to optimize capital commitments and reduce risks.
Report on Operations