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Stellantis: profit tripled in the first year to 13.4 billion

2022-02-23T18:40:53.895Z


Revenues amounted to 152 billion (+ 14%). Agreement for the majority of Jeep in China (ANSA)


Stellantis closed the first year "with record results": net profit nearly tripled to € 13.4 billion on a pro forma basis, while net revenues amounted to € 152 billion, up 14%. 

Adjusted operating income nearly doubled to € 18 billion, with a margin of 11.8% and all segments positive.

The available industrial cash flow amounts to € 6.1 billion, mainly driven by strong cash and profitability synergies and available liquidity is equal to € 62.7 billion.

Stellantis launched more than 10 new models in 2021, including Citroën C4, Fiat Pulse, DS 4, Jeep Grand Cherokee, Wagoneer, Maserati MC20, Opel Mokka, Opel Rocks-e and Peugeot 308. The company accelerated its commercial momentum in low-emission vehicles (Levs) by leveraging the portfolio of 34 Lev models currently on the market, including hydrogen fuel cell mid-range vans.

Lev's global sales reached 388,000 units, up 160% year-on-year,

with the first position in sales of battery electric vans in EU30.

Stellantis has confirmed its strong position in the global commercial vehicle market with leadership in both the EU30 and South America markets, and has achieved its all-time record in world pickup sales with approximately one million vehicles sold.

Stellantis will distribute 3.3 billion euros in ordinary dividend payable, subject to shareholder approval.

In the first year, Stellantis achieved a strong execution of the synergy plan with net cash benefits of 3.2 billion euros.

and reached its all-time record in world pickup sales with approximately one million vehicles sold.

Stellantis will distribute 3.3 billion euros in ordinary dividend payable, subject to shareholder approval.

In the first year, Stellantis achieved a strong execution of the synergy plan with net cash benefits of 3.2 billion euros.

and reached its all-time record in world pickup sales with approximately one million vehicles sold.

Stellantis will distribute 3.3 billion euros in ordinary dividend payable, subject to shareholder approval.

In the first year, Stellantis achieved a strong execution of the synergy plan with net cash benefits of 3.2 billion euros.

In 2021, Stellantis launched over 10 new models, including the Citroën C4, Fiat Pulse, DS 4, Jeep © Grand Cherokee, Wagoneer, Maserati MC20, Opel Mokka, Opel Rocks - and etla Peugeot 308. "Pushing on the dynamics of low-emission vehicles (LEV) - reads a note released on the day of the presentation of the results of the group born from the merger between PSA and FCA - the company has strongly accelerated by marketing a portfolio of 34 models LEV which includes fuel cell vans. Worldwide sales of LEV reached 388 000 units, up 160% on the previous year, which earned us the top spot for battery electric van sales in the EU-30. ".

Stellantis "

"Stellantis has signed an agreement to buy the majority of the Chinese Jeep venture."

This was stated by the CEO of the Carlos Tavares Group illustrating the results of 2021 to financial analysts.

The plan to increase the alliance with Gac Group from 50 to 75% was announced by the Group on January 27th.

"Today's record results show that Stellantis is well positioned to offer excellent performance, even in the most uncertain market situations": said the CEO of Stellantis, Carlos Tavares, on the day of the presentation of the results of the group born from the merger of FCA. and Psa.

"I sincerely thank all the Stellantis employees in our regions, brands and functions for their contribution to building our new company rich in its diversity. I also take this opportunity to thank the management team for their unremitting efforts as we tackled and overcome. intense headwinds ".

"What matters most to me is to extend my sincere congratulations, my warm thanks to all of our employees. They have been terrific. Once again,

they did a remarkable job.

I am very happy for each of them and for Stellantis ": said the CEO of Stellantis, Carlos Tavares, commenting on radio France Info the results of the group born from the marriage between FCA and PSA. The birth of Stellantis" has brought benefits to all employees ": the company will distribute 1.9 billion euros to employees, 770 million euros more than the cumulative amount of the previous year of each of the previous companies, equal to 70% increase," in recognition of the their contribution to the company's results. "" Employees are the heart of Stellantis.

It is thanks to their continued focus on execution and excellence that we were able to achieve record results in our first year at Stellantis ",

comments Carlos Tavares, CEO of Stellantis.

"Every Stellantis employee took on the extraordinary task in 2021 of combining two automakers, while facing serious external challenges. Our goal is for all employees to benefit from the company's profitable growth. We are delighted to reward and thank our members. team for their tireless commitment ".

Source: ansa

All tech articles on 2022-02-23

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