Chrysler 2011 Annual Report Download - page 84

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Industrial Activities
For 2011, net revenues for Industrial Activities totaled approximately €59.3 billion. Excluding Chrysler, revenues were approximately €37.1 billion, up 4.0%
over 2010, mainly due to growth for the Components businesses and Luxury & Performance brands. For FGA, revenues were resilient, remaining in line
with 2010, despite difficult trading conditions in Europe.
Trading profit for Industrial Activities was €2,320 million. Excluding Chrysler, trading profit was €975 million, substantially in line with the €1,047 million
recorded for 2010.
Operating profit for Industrial Activities came in at €3,265 million for 2011, compared with €927 million for 2010. Excluding Chrysler, operating profit was
€2,065 million. The increase of €1,138 million was attributable to net unusual income of €1,210 million, which was only partially offset by the slight fall in
trading profit.
Financial Services
Net revenues for Financial Services totaled €358 million, up 32.6% compared to 2010.
(€ million) 2011 2010 % change
Fiat Group Automobiles 328 242 35.5
Ferrari 30 28 7.1
Total 358 270 32.6
FGA Financial Services had revenues of €328 million, up 35.5% over the €242 million for 2010 driven primarily by the increase in business volumes in Brazil
and Argentina.
Trading profit for Financial Services totaled €72 million, a €7 million improvement over 2010. The increase was almost entirely attributable to FGA (+€6
million) and reflected higher volumes financed in Brazil.
(€ million) 2011 2010 Change
Fiat Group Automobiles 62 56 6
Ferrari 10 9 1
Total 72 65 7
Report on Operations