Stellantis Exceeds Margin Target for 2021
23 Februar 2022 - 09:19AM
Dow Jones News
By Kim Richters
Stellantis NV said Wednesday that it has exceeded its own target
for its adjusted operating profit margin in the first year as
merged auto maker.
The car maker, formed through the combination of Fiat Chrysler
Automobiles NV and Peugeot-maker PSA Group in January 2021,
reported a margin of 11.8%, which compares with a target of around
10% for the year.
The margin for adjusted operating profit in 2020 was 6.9%.
Stellantis's revenue rose to EUR152.12 billion from EUR133.88
billion and adjusted operating profit increased EUR18.01 billion
from EUR9.22 billion in 2021.
Figures are on a pro-forma basis, which adjusts for comparison
related to the company merger.
Looking ahead, Stellantis said it is expecting a double-digit
adjusted operating profit margin and positive industrial free cash
flow for 2022.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
February 23, 2022 03:04 ET (08:04 GMT)
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