"We never would have imagined reaching such a level of profitability."
The double-digit margin of Stellantis, created in January 2021, surprises the employees of the ex-PSA, married to Fiat Chrysler for two years.
The French manufacturer posted an operating margin of 7.1% in 2020, a year marked by the pandemic.
FCA's health was even less flamboyant.
At the wedding, the management of the new group was cautiously aiming for a margin of between 5.5% and 7.5% for its first financial year.
It was 11.8%, for a turnover of 152 billion euros and a net profit of 13 billion euros.
Records still broken in 2022, with 179.6 billion euros in turnover, 13% operating margin and 16.8 billion net profit.
“We owe these results to our employees, who have been remarkable.
It's even moving
, ”says Carlos Tavares.
Set unattainable goals
The exception has become the rule.
In March 2022, when presenting his strategic plan, Carlos Tavares set his requirements…
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