Stellantis Wants to Double Revenue to EUR300 Billion by 2030
01 März 2022 - 03:05PM
Dow Jones News
By Kim Richters
Stellantis NV is aiming to reach net revenue of 300 billion
euros ($336.58 billion) by the end of the decade.
The revenue target is part of a strategy plan the auto maker
released Tuesday. In 2021, the company's revenue was EUR149.42
billion.
It is also targeting to maintain double-digit adjusted operating
profit margins throughout the period, which compares with a 11.8%
margin in the past year.
As for electrifciation, the car maker said it is targeting 100%
of sales in Europe as well as 50% of sales in the U.S. to be
battery-electric vehicles by 2030.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
March 01, 2022 08:50 ET (13:50 GMT)
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