Stellantis Backs Full-Year View After 3Q Revenue Rose
November 03 2022 - 3:38AM
Dow Jones News
By Kim Richters
Stellantis NV on Thursday confirmed full-year targets after
revenue increased on higher volumes and strong pricing in the third
quarter.
The car maker reported revenue of 42.10 billion euros ($41.33
billion) for the three-month period, which compares with EUR32.55
billion the prior year.
Results were driven by higher volumes, strong net pricing and
favorable currency translation effects, the company said. Quarterly
vehicle shipments increased on year as semiconductor supply
improved, it said.
The Jeep maker backed its targets for the full year, targeting a
double-digit adjusted operating profit margin and positive
industrial free cash flow.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
November 03, 2022 03:23 ET (07:23 GMT)
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