Stellantis, a company created from the merger of Fiat Chrysler and Peugeot, announced on Thursday that it had an after-tax profit of 7.96 billion euros in the first half of 2022, compared with 5.8 billion euros. calculated in the same period of 2021.
The automotive group’s revenue reached 88 billion euros in the first six months of this year, up from 72.61 billion in the same period last year.
Stellantis’ adjusted operating profit rose to €12.37 billion from €8.44 billion, with a margin reaching 14.1%.
Results benefited from strong pricing, vehicle mix and positive currency effects, the company said.
The Jeep automaker reiterated its goals for the year, targeting a double-digit adjusted operating profit margin and positive industrial free cash flow.
Source: CNN Brasil
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