3. Net financial income (expenses)

Net financial income in 2015 of €0.6 million shows a net improvement of €73.3 million compared to net financial expenses in 2014 (€72.7 million). The change is mostly attributable to higher interest income on the mandatory convertible securities issued by FCA in December 2014 (€61.1 million), the absence of non-recurring expenses (€32.5 million in 2014 on the partial cancellation of non-convertible bonds 2007-2017 for a nominal amount of €250 million), offset by the reduction in bank interest income (€8.1 million), the increase in interest expenses (€3.5 million) on higher average debt and other net negative changes of €8.7 million.

Commercial Register No.64236277 Legal notes | Credits