Stellantis Q1 Net Revenues, Shipments Up; Confirms FY21 Outlook - Quick Facts

By Rtt News6 days ago

(RTTNews) - Carmaker Stellantis N.V. (STLA), created with the merger of Fiat Chrysler Automobiles N.V. and France's Peugeot S.A., on Wednesday reported that its first-quarter net revenues surged to 34.3 billion euros from last year's 11.9 billion euros. The results reflected the first quarter since the merger closed on January 17, 2021.

On a Pro Forma basis, as if the merger had occurred January 1, 2020, net revenues were 37 billion euros, up 14 percent from last year's 32.4 billion euros, primarily due to higher overall volumes, positive net pricing, improved market mix, mainly in North America and Enlarged Europe, as well as favorable vehicle mix.

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Consolidated shipments on a reported basis grew to 1,477 thousand units from 620 thousand units last year. Pro forma consolidated shipments increased 11 percent to 1,567 thousand units.

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