PARIS (Agefi-Dow Jones)–Automotive group Stellantis on Wednesday confirmed its operating margin target for the current year despite worsening commodity tensions since the publication of its annual results at the end of February. .
The group is aiming for an operating margin of more than 10% for its automotive division, and this objective is valid “in all weathers”, indicated its general manager, Carlos Tavares, during the general meeting of shareholders. In 2021, the group’s operating margin reached 11.8%.
The CEO of Stellantis also confirmed the group’s financial objectives for 2030, namely a doubling of turnover compared to 2021 and an operating margin of more than 12%.
Carlos Tavares also indicated that the manufacturer was in the process of forging new partnerships in order to secure its supply of raw materials.
At the end of November, Stellantis concluded a supply contract with the German-Australian group Vulcan Energy for the supply, from 2026, of lithium hydroxide, a key component of electric vehicle batteries.
-Francois Schott, Agefi-Dow Jones; 01 41 27 47 92; [email protected] ed: ECH
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April 13, 2022 10:42 ET (14:42 GMT)