Stellantis, born at the start of 2021 from the merger of PSA and Fiat-Chrysler, announced Tuesday, August 3, to have recorded a net profit of 5.8 billion euros for the first half of 2021, against more than 800 million losses (pro forma) over the first six months of 2020.
Its turnover of 72.6 billion euros is almost four times greater than last year.
“We had a very good semester in terms of margins and sales”, welcomed the group’s chief financial officer, Richard Palmer, during a press conference. Stellantis recorded a margin equivalent to 11.4% of sales, “A record margin for the two original groups”, according to Palmer.
Europe, the group’s leading market
In particular, the group recorded good results on the North American market, with good sales of its Ram pickups and hybrid Jeeps. In Europe, the group’s leading market, the Peugeot 2008s and the new Citroën C4, Opel Mokka and Fiat 500 electric drive sales, underlines the group.
“The synergies between the two groups were put in place faster than expected”, underlined the CFO. Stellantis group expects to achieve an operating margin of around 10% over the year 2021, while it was targeting between 5.5 and 7.5% at the start of the year.
Such a hypothesis excludes possible new confinements, or a strengthening of the semiconductor crisis. Victim of a shortage of electronic chips since March, the group has been forced to put some factories on hiatus. This shortage should, however, not ” to get worse “, according to Richard Palmer. The third trimester should be “Similar” in the second, with a loss of 500,000 vehicles, and the situation should then improve.