Stellantis Confirms 2023 Guidance After Revenue, Net Profit Jump in 1st Half
July 26 2023 - 2:29AM
Dow Jones News
By David Sachs
Stellantis on Wednesday confirmed its 2023 guidance following a
jump in net profit and revenue in the first half.
The Netherlands-based car maker posted revenue of 98.37 billion
euros ($108.75 billion), a 12% rise from the first half of 2022.
Net profit rose 37% to EUR10.92 billion.
The company, which makes over a dozen brands including Jeep and
Dodge, said adjusted operating income rose 11% to EUR14.13 billion.
Its adjusted operating income margin was 14.4% compared to 14.5% a
year ago.
Stellantis confirmed its 2023 guidance of a double-digit
adjusted operating income margin and positive industrial free cash
flows.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
July 26, 2023 02:14 ET (06:14 GMT)
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