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"Fiat S.p.A." Registered Office: via Nizza 250, Turin Share capital ...

"Fiat S.p.A." Registered Office: via Nizza 250, Turin Share capital ...

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€1.2 and €1.5 billion and net industrial debt of<br />

about 7 billion;<br />

conditions in the NAFTA, Latin America, Asia-<br />

Pacific markets continued to support the Company’s<br />

expectations while, as mentioned above, the Euro-<br />

pean market continued to be subject to significant<br />

levels of uncertainty;<br />

at the end of April, when the first quarter 2013<br />

results are published, the Company will provide<br />

updated guidance for each geographic region; on<br />

the basis of the information available at present,<br />

there is no reason to believe that there will be a<br />

revision of the overall target for the Group, but<br />

there could obviously be some changes for individ-<br />

ual regions on the basis of the results obtained<br />

in the first quarter, especially in Europe;<br />

- to Pietro BECHERE (shareholder) he responded<br />

that:<br />

in 2012 FERRARI had revenues of €2.4 billion and<br />

trading profit of €350 million, an historic rec-<br />

ord, at least for the past ten years;<br />

FERRARI distributed a dividend of €180 million to<br />

FIAT in 2011, so the dividend policy of FERRARI<br />

had already been managed for some time;<br />

- to Franco BENOFFI GAMBAROVA (shareholder) he re-<br />

32

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