The American manufacturer Ford announced on Monday in a statement of the results for the first quarter better than expected, but suspended its annual forecasts due to the American customs duties imposed on the automotive industry.
The latter should weigh up to 1.5 billion net dollars on its pro formal operating profit in 2025, he said. In 2024, he had reached $ 10.2 billion.
“To date, our teams have done a lot to minimize the impact of customs duties,” said Sherry House, financial director, to journalists, adding that the net impact in the first quarter was 200 million.
For example, she explained 35% of vehicles crossing the United States to go from Mexico to Canada now use an alternative device to escape American taxation.
The Trump administration set up at the start of April 25% of customs from the imports of new vehicles in early April and, since May 3, on spare parts.
Reliefs are planned, in particular for certain productions carried out in Mexico and Canada with which the United States has a free trade agreement (ACEUM).
During the presentation of its annual results in early February, Ford provided for a pro formal profit between $ 7 and 8.5 billion and a cash flow of 4.5 billion. He said on Monday being on this trajectory, ignoring the impact of customs duties.
“Because of the uncertainties linked to customs duties, the company suspends its financial forecasts,” she said, indicating that the leaders were going to return to the subject during an audioconferencing with analysts in the wake of this communication.
Between January and March, Ford has garnered a turnover of $ 40.66 billion (-5% over one year) and a net profit of $ 471 million (-65%).
The consensus of factset analysts anticipated 38.02 billion and a loss of 90 million respectively.
Reported by action and excluding exceptional elements – value favored by the markets -, the net profit appears at 14 cents, against 49 cents a year earlier. The consensus awaited a loss of two hundred.
In electronic exchanges after closing the New York Stock Exchange, the Ford action dropped by 2.11%.
