Double-digit operating profit is expected in 2022. Tavares: “Ready to make a strong one performanceeven in the most uncertain market contexts ”
The first year of life of Stellantis is record-breaking, with accounts above expectations, and the title of the automotive group shines immediately a Piazza Affari: mid-session marks an increase of 6.61% at 17.426 euros, with a peak reached at 17.23 euros, when the Ftse Eb earns 1.1%. Also good for Paris Stock Exchangewhere the stock is up by 3.76% (Cac40 + 1%).
The group closed on 2021 with a useful net of 13.4 billion euros, almost tripled compared to 2020. I Net revenues rose by 14% a 152 billion of Euro. The cash flow available industry amounts to 6.1 billion euros, with net cash benefits from synergies of approximately 3.2 billion euros. There liquid assets available industry is equal to 62.7 billion of Euro.
The Board of Directors will propose a dividend overall of 3.3 billion of euro at the shareholders’ meeting on 13 April. The dividend it’s about € 1.06 per shareabove the consensus which was for a 1.01 euro dividend. Exor, first shareholder of Stellantis with 14.4% of the capital and voting rights, will cash out like this 475.2 million of Euro. Also in the middle of the morning, the shares are held in Piazza Affari Exor earn the 2.5%.
THE Stellantis 2021 results They were higher than expected of the market, thanks above all to the good performance recorded in the second half of the year despite the criticalities related to the shortage of chips and raw materials. The consensus it was for revenues of 149 billion of euros, a adjusted ebit Of 14.6 billioninstead it was of 18 billion it’s a useful net of 10.2 billion euros.
Positive results also for the Maserati brand: in 2021 it surpassed i 2 billion in revenues net growth of 646 million compared to 1.375 billion in 2020. Furthermore, the Operating income adjusted returned to positive and was equal to 103 million, when in 2020 it was negative for 91 million, so the margin was 5.1%.
The car deliveries globally have been of 24,200 unitsup by 7,300 compared to 16,900 units in 2020. Maserati he also reported an increase in his global market share at 2.4%with shares of 2.9% and 2.7% respectively in North America and China for 2021.
For what concern 2022, Stellantis expects to close the current year with a margin on profit operating adjusted to double digit it’s a free cash flow positive industrial. This assuming that the economic situation and that linked to the pandemic of COVID-19 stay stable. The next 1st of March Stellantis will present the new plan of group post merger between FCA and PSA.
Sui accounts 2021 the CEO Carlos Tavares said: “I record results today show that Stellantis is well positioned to achieve strong performance, even in the most uncertain market contexts “. “I would like to warmly thank all employees Of Stellantis of all regions, brands and functions for having helped build the our new company with the diversity that feeds us. I would also like to take this opportunity to thank the management team for their relentless commitment to countering and overcoming highly adverse situations “, continued the number one of the automotive groupor, explaining that “together, we are focused on the implementation of our programs by continuing in the our journey to become a technology company for sustainable mobility “.
(The analysts’ comment follows …)
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