Stellantis: Q1 sales up 12% to E41.5bn
(CercleFinance.com) - The car maker has reported net sales of 41.
5 billion euros for Q1 2022, up 12% on the 37.0 billion euro pro-forma figure for Q1 2021.
The company posted consolidated sales of 1,374 thousand units, down 12%, mainly due to semiconductor orders it didn't receive. Total new vehicle inventory was 807,000 units at 31 March 2022, pretty much stable compared to 31 December 2021.
The group proposed an ordinary dividend of 1.04 euro per share approved at its AGM, paid to shareholders in April 2022.
Despite supply challenges and inflationary effects, the company confirms its annual target of a double-digit underlying operating margin and positive cash flow, supported by strong product momentum and strategic partnerships, it said.
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5 billion euros for Q1 2022, up 12% on the 37.0 billion euro pro-forma figure for Q1 2021.
The company posted consolidated sales of 1,374 thousand units, down 12%, mainly due to semiconductor orders it didn't receive. Total new vehicle inventory was 807,000 units at 31 March 2022, pretty much stable compared to 31 December 2021.
The group proposed an ordinary dividend of 1.04 euro per share approved at its AGM, paid to shareholders in April 2022.
Despite supply challenges and inflationary effects, the company confirms its annual target of a double-digit underlying operating margin and positive cash flow, supported by strong product momentum and strategic partnerships, it said.
Copyright (c) 2022 CercleFinance.com. All rights reserved.