Stellantis 1Q Revenue Increased; Backs 2022 Guidance
05 Maio 2022 - 3:54AM
Dow Jones News
By Kim Richters
Stellantis NV said Thursday that revenue rose despite lower
shipments in the first quarter, and confirmed its 2022 targets.
The car maker reported revenue of 41.48 billion euros ($44.06
billion) for the three-month period compared with EUR37 billion on
a pro forma basis the year before. Revenue benefited from positive
pricing, sales mix and currency effects, the company said.
Consolidated shipments fell 12% to 1.37 million vehicles in the
three months due to the semiconductor shortage, it said.
Stellantis was formed through the combination of Fiat Chrysler
Automobiles NV and Peugeot-maker PSA Group and prior-year figures
are on a pro forma basis, which are adjusted as if the companies
were merged for the full first quarter of 2021.
The Jeep maker backed its targets for the full year, while
flagging supply and inflationary headwinds. It is targeting a
double-digit adjusted operating profit margin and a positive
industrial free cash flow for 2022.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
May 05, 2022 02:39 ET (06:39 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Stellantis NV (BIT:STLA)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Stellantis NV (BIT:STLA)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024