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Share Name Share Symbol Market Type
Stellantis NV BIT:STLA Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.188 -1.26% 14.72 14.72 14.724 14.89 14.71 14.86 1,358,190 08:59:28

Stellantis Backs 2022 View After 1st Half Revenue, Earnings Rise

28/07/2022 7:36am

Dow Jones News


Stellantis NV (BIT:STLA)
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   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.

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