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STLAM Stellantis NV

20.20
-0.275 (-1.34%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Stellantis NV BIT:STLAM Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.275 -1.34% 20.20 20.15 20.47 20.59 20.165 20.495 14,042,598 17:00:00

Stellantis Confirms 2023 Guidance After Revenue, Net Profit Jump in 1st Half

26/07/2023 7:29am

Dow Jones News


Stellantis NV (BIT:STLAM)
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From Jun 2023 to Jun 2024

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   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)

Copyright (c) 2023 Dow Jones & Company, Inc.

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