Stellantis Backs 2022 View After 1st Half Revenue, Earnings Rise
July 28 2022 - 2:36AM
Dow Jones News
By Kim Richters
Stellantis NV on Thursday confirmed its full-year targets after
its earnings and revenue rose on strong pricing and vehicle mix in
the first half.
The car maker reported aftertax profit of 7.96 billion euros
($8.12 billion) for the six-month period, which compares with
EUR5.80 billion the year-prior.
Adjusted operating profit rose to EUR12.37 billion from EUR8.44
billion, with the margin coming in at 14.1%. Revenue increased to
EUR88.0 billion from EUR72.61 billion the year before.
Results benefited from strong pricing, vehicle mix and positive
currency effects, said the company.
The Jeep maker backed its targets for the full year, targeting 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
July 28, 2022 02:21 ET (06:21 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Stellantis NV (BIT:STLA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Stellantis NV (BIT:STLA)
Historical Stock Chart
From Sep 2023 to Sep 2024