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Fiat Industrial First-Quarter Net Profit Soars On Combines, Tractors

MILAN -(Dow Jones)- Fiat Industrial SpA (FI.MI) Wednesday confirmed its financial targets for the year as it reported a large rise in net profit for the first quarter, boosted by the strength of its U.S. tractor and combine business, CNH Global NV (CNH). Fiat Industrial said net profit in the three months to March 31 was EUR207 million, a rise of more than 70% on the year from EUR114 million, and more than the EUR140 million that had been expected by analysts, according to an average of their estimates compiled by the company. Net profit attributable to the parent was EUR182 million against EUR107 million the prior year. Among the targets maintained by Fiat Industrial is a net profit of about EUR900 million. Trading profit, or operating profit without extraordinary items, was EUR435 million, surpassing the EUR277 million from last year and the EUR340 million expected by analysts. Fiat Industrial's stock, which had already received a boost from CNH's results published earlier Wednesday, was up 5.60% at EUR8.20 in Milan at 1504 GMT. -By Gilles Castonguay, Dow Jones Newswires; +39 02 5821-9908; gilles.castonguay@dowjones.com; @GRCastonguay Order free Annual Report for CNH Global NV Visit http://djnweurope.ar.wilink.com/?ticker=NL0000298933 or call +44 (0)208 391 6028

Stock News for Cnh Global (CNH)
DateTimeHeadline
09/27/201312:04:44CNH Industrial Sets Dividend Target of Up to 35%
09/18/201314:10:41CNH Industrial Holding Seeks Listings in New York, Milan
09/13/201308:25:32CNH Industrial to List Stock in New York on Sep 30
08/26/201307:26:11Correction to Fiat, CNH Global CFO Story
08/26/201307:05:37Fiat, CNH Global CFO Pablo Di Si Resigns, Chiara to Replace
07/31/201315:11:18Surging South America Sales Propel Profit Growth For CNH Global...
07/31/201307:02:53CNH Global 2nd-Quarter Net Up 33% on Agricultural-Equipment Sales
07/31/201306:03:39Fiat Industrial 2Q Net Profit Rises; Targets Confirmed
07/23/201312:16:49CNH Shareholders Approve Merger with Fiat Industrial
07/09/201313:45:43Fiat Industrial One Step Closer to Merger With CNH
05/31/201306:24:04Fiat Industrial Chairman Confirms Commitment to Italy
05/30/201307:40:14Fiat's Marchionne to Stay for Years
05/30/201307:00:15Fiat's Marchionne To Stay For Years To Come - Parent CEO
05/22/201312:58:10Fiat Industrial Denies UK Tax Residency to Hurt Italy
05/21/201314:00:59Fiat Industrial Plans U.K. HQ to Lighten Tax Burden
05/14/201309:12:43Fiat Industrial Extends Output Halt over Supplier Spat
04/30/201317:51:42Fiat, Cummins Look for Traction in Sliding Truck Market
04/30/201310:04:46Fiat Industrial Cuts 2013 Targets as 1Q Misses Expectations
03/05/201313:00:13Fiat Focused on Buying Out Chrysler Minority Shareholders
01/31/201306:31:33Fiat Industrial Fourth-Quarter Net Profit Up 20%

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