Stellantis posts record financial H1 results

Stellantis delivered strong financial results in the first half as total volume with limited supply was weighted towards higher margin models.

Stellantis said net revenues for the period were €88.0 billion, up 17% year-on-year, reflecting strong net pricing, a favorable vehicle mix and positive currency effects.

Adjusted operating income came in at €12.4 billion, up 44% compared to H1 2021, with a margin of 14.1%.

Net profit of €8.0 billion was 34% higher than in H1 2021.

CEO Carlos Tavares said: “In a demanding global context, we will continue to deliver ‘Dare Forward’, outstanding performance and execute our bold electrification strategy. Together with the resilience, agility and entrepreneurial spirit of our employees, and our innovative partners, we are shaping Stellantis into a sustainable mobility technology company that is ready for the future. I would like to sincerely thank all Stellantis employees for their commitment and contribution to these results.”

North America was a key driver in the H1 win for Stellantis. The region achieved record profitability, with an adjusted operating income (AOI) margin of 18.1%.

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