Stellantis, the first year ends with over 13 billion in profits

The Stellantis Group closes on 2021 with record results above expectations and set goals. The automotive group born from the merger between PSA and FCA achieved an adjusted operating result of € 18 billion with a margin of 11.8%. The figure, compared to that obtained in 2020 by combining data from PSA and FCA, highlights an almost doubled adjusted operating result.

Net profit, on the other hand, was equal to 13.4 billion euros, an almost tripled value, always comparing the sum of the 2020 results of the two automotive groups. Net revenues amounted to 152 billion euros, up 14%. The available industrial cash flow is equal to 6.1 billion euros mainly driven by strong cash and profitability synergies. The synergies obtained thanks to the merger resulted in cash benefits of approximately € 3.2 billion. Subject to shareholder approval, the Group will pay € 3.3 billion in dividends. On this result, Carlos TavaresCEO of the Stellantis Group, commented:

Today’s record results demonstrate that Stellantis is well positioned to deliver strong performance, even in the most uncertain market environments. I would like to warmly thank all Stellantis employees across all Regions, brands and functions for helping to build 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. Together, we are focused on implementing our programs as we continue on our journey to become a sustainable mobility technology company.

Stellantis then explored some details of the results obtained within the markets in which it is present. For example, in North America, the Jeep Wrangler 4xe was the best-selling plug-in hybrid vehicle on the market in 2021. In South America, however, the Group was the leader in this market in 2021 with a share of 22.9. %.

In the European market (EU30), Stellantis was the leader in the commercial vehicle segment, with a market share of 33.7% for 2021. The Peugeot 208 was the best-selling vehicle and the 2008 was number one in the segment. B-SUV in 2021. Separate note for Maserati which reported an increase in its global market share to 2.4%, with shares of 2.9% and 2.7% respectively in North America and China for 2021.

In 2021, the Group launched a total of 10 new models including Citroen C4, Fiat Pulse, DS 4, Jeep Grand Cherokee, Wagoneer, Maserati MC20, Opel Mokka, Opel Rocks-e and Peugeot 308. And on March 1st the new industrial plan will be presented by Stellantis. In a few days, therefore, we will have the opportunity to better understand what the strategies of the Group and its brands will be.