Ford earned 1,594 million until March compared to losses of 2,800 million in the same period of 2022

MADRID, 3 May. (EUROPA PRESS) -

The American automobile group Ford registered net attributable profit of 1,757 million dollars (about 1,594 million euros at current exchange rates) in the first quarter of the year, compared to net losses of 3,110 million dollars (2,822 million euros) for the same period of the previous year, according to figures published by the company.

Ford's CEO, Jim Farley, has highlighted that the reorganization of the company's business divisions into different customer groups has produced "solid results" and has opined that they place the company in line with its strategic plan, called ' Ford'.

In this way, the Ford Blue business division encompasses gasoline and hybrid vehicles, while Ford Model e is focused on its digital capabilities and electric cars and Ford Pro specializes in "services to help commercial customers maximize their operations".

"We are bringing 'Ford' to life by focusing on what individual customers need and value most. Ford Pro is leading the way to profitable growth and our large investments in iconic Ford Blue vehicles and their derivatives are winning customers while Ford Model e's focus on electric vehicles is significantly reducing the costs of our first series products while developing innovative next-generation vehicles from the ground up," Farley added.

Specifically, the company billed 41,474 million dollars (37,646 million euros) between January and March, 20% more than the 34,476 million dollars (31,294 million euros) that it entered in the same months of 2022.

Likewise, the adjusted net operating profit (Ebit) of the group in the first quarter of the course stood at 3,379 million dollars (3,067 million euros), 45% more than the 2,326 million dollars (2,111 million euros) of the same period of 2022.

Thus, the Ebit margin stood at 8.1% between January and March, which is 1.4 percentage points more than the 6.7% registered in the same months of 2022.

By divisions, Ford Blue had revenues of 25,100 million dollars (22,783 million euros) in the first quarter of the year, while the Ebit was 2,623 million dollars (2,380 million euros) and the Ebit margin stood at 10.4%.

In the same period, Ford Model e had a turnover of 700 million dollars (635.4 million euros), although it registered net operating losses of 722 million dollars (655.37 million euros) and its Ebit margin was -102 ,1%.

Likewise, Ford Pro registered income of 13,200 million dollars (11,981 million euros) in the first quarter of the year, while the net operating profit was 1,366 million dollars (1,239 million euros) and the Ebit margin was 10.3%.

Regarding the forecasts for the end of the financial year, the company maintains the outlook announced last February, which places the adjusted operating profit between 9,000 and 11,000 million dollars (between 8,169 and 9,984 million euros), while expecting the adjusted free cash flow for the year is around 6,000 million dollars (around 5,500 million euros).