Stellantis, the new group produced by
the merger of FCA and PSA, on Wednesday posted strong 2020
results despite the COVID-19 emergency.
FCA showed an adjusted EBIT of €3.7 billion with 4.3% margin,
net profit at breakeven with adjusted net profit of €1.9
billion, and industrial free cash flows positive at €0.6
billion.
PSA showed 7.1% automotive adjusted operating margin at €3.4
billion, 9.4% H2 automotive adjusted operating margin at a
record level , net result group share at €2.2 billion, €2.7
billion automotive free cash flow, and a €13.2 billion
automotive net financial position.
"These figures demonstrate the financial soundness of
Stellantis, bringing together two strong and healthy companies.
Stellantis gets off to a flying start and is fully focused on
achieving the full promised synergies," said Carlos Tavares,
Stellantis CEO.
Stellantis shares gained 2.3% in Milan on the results and bright
2021 forecasts.
Stellantis is the world's fourth biggest carmaker.
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