Click to Enlarge.
In Amsterdam this morning Stellantis said that Q1 results showed a net revenue of €41.5 billion, up 12% compared to €37.0 billion for Q1 202. This was helped by strong pricing and a more expensive vehicle mix, as well as favorable foreign exchange translation effects.
However, consolidated shipments of 1,374,000 units were down 1-2% primarily due to impact of unfilled semiconductor orders. Total new vehicle inventory of 807,000 thousand units was roughly comparable with 31 December 31, 2021. Stellantis inventory was 179,000 units. The positive performance followed an ordinary dividend of €1.04 per share that approved at annual meeting and paid to shareholders in April 2022.
“Our full-year guidance for double-digit Adjusted operating income margins and positive cash-flow is confirmed, despite supply and inflationary headwinds, as good product momentum and strategic partnerships continue to pave the way,” said Richard Palmer, CFO.
Stellantis’ Q1 2022 revenues were boosted by fresh products including Jeep Grand Cherokee L and Wagoneer/Grand Wagoneer for North America; DS4, Fiat New 500, Opel Mokka, and the light commercial vehicles range for Enlarged Europe; Jeep Grand Cherokee, Peugeot 3008 and Citroën C4 for Middle East & Africa; while Fiat Pulse, Jeep Compass, Peugeot 208 and Fiat Cronos strongly contributed to South America market leadership. Stellantis low emission vehicles(product momentum continues, Stellantis claimed leading to Enlarged Europe BEV sales being up more than 50% year-over-year.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Stellantis Posts Q1 2022 Net Increase of 12% at €41.5B
Click to Enlarge.
In Amsterdam this morning Stellantis said that Q1 results showed a net revenue of €41.5 billion, up 12% compared to €37.0 billion for Q1 202. This was helped by strong pricing and a more expensive vehicle mix, as well as favorable foreign exchange translation effects.
However, consolidated shipments of 1,374,000 units were down 1-2% primarily due to impact of unfilled semiconductor orders. Total new vehicle inventory of 807,000 thousand units was roughly comparable with 31 December 31, 2021. Stellantis inventory was 179,000 units. The positive performance followed an ordinary dividend of €1.04 per share that approved at annual meeting and paid to shareholders in April 2022.
“Our full-year guidance for double-digit Adjusted operating income margins and positive cash-flow is confirmed, despite supply and inflationary headwinds, as good product momentum and strategic partnerships continue to pave the way,” said Richard Palmer, CFO.
Stellantis’ Q1 2022 revenues were boosted by fresh products including Jeep Grand Cherokee L and Wagoneer/Grand Wagoneer for North America; DS4, Fiat New 500, Opel Mokka, and the light commercial vehicles range for Enlarged Europe; Jeep Grand Cherokee, Peugeot 3008 and Citroën C4 for Middle East & Africa; while Fiat Pulse, Jeep Compass, Peugeot 208 and Fiat Cronos strongly contributed to South America market leadership. Stellantis low emission vehicles(product momentum continues, Stellantis claimed leading to Enlarged Europe BEV sales being up more than 50% year-over-year.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.