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Stellantis reported record results for 2021, achieving a €13.4 billion net profit, nearly tripling year-on-year, and a 14% increase in net revenues to €152 billion. The company’s adjusted operating income surged to €18 billion with an 11.8% operating margin. Industrial free cash flows reached €6.1 billion, driven by profitability and synergies. Stellantis plans to invest over €30 billion in electrification and software by 2025, highlighting a strong market position across various regions, particularly in North America and South America.
Stellantis N.V will unveil its long-term strategic plan on March 1, 2022, at 2 p.m. CET / 8 a.m. EST. CEO Carlos Tavares is set to outline the company's vision for the future of mobility. Investors can access the event through Stellantis' corporate website, and a recorded replay will be available post-event. Stellantis aims to be a leader in sustainable mobility while generating value for stakeholders. For more details, visit www.stellantis.com.
Stellantis will announce its Full Year 2021 Results on February 23, 2022. A live webcast and conference call will be held at 2:00 p.m. CET / 8:00 a.m. EST on that date. The press release and related materials will be available on the company’s corporate website at approximately 8:00 a.m. CET / 2:00 a.m. EST.
Stellantis operates as one of the world’s leading automakers, focusing on sustainable mobility. For more details, visit www.stellantis.com.
Stellantis N.V. has announced the early repayment of a €6.3 billion credit facility to Intesa Sanpaolo, originally intended to support Italy's automotive sector post-COVID-19. The credit facility, guaranteed by SACE, was crucial for the company's liquidity and the stability of its suppliers during the pandemic. This repayment, ahead of the March 2023 maturity date, highlights Stellantis's strong financial position and commitment to ongoing investment projects in Italy.
Stellantis reported a strong business performance in China for 2021, with Dongfeng Peugeot Citroën Automobile (DPCA) selling over 100,000 vehicles, marking a significant turnaround. The Jeep Wrangler achieved record annual sales, and the Jeep brand ranked No. 1 in vehicle quality and dependability, according to JD Power's study. Additionally, Stellantis made advancements in the independent aftermarket by integrating three distributors, forming one of the largest in China with a sales turnover of €176 million. Future strategies for the Chinese market will be unveiled on March 1, 2022.
Stellantis has announced plans to increase its stake in the GAC-Stellantis joint venture from 50% to 75%. This decision stems from a new regulatory framework in China allowing increased foreign investment in existing joint ventures since January 2022. The enhanced partnership aims to strengthen the Jeep brand's performance in the Chinese market and is part of Stellantis’ broader strategy, with more details expected on March 1, 2022. The plan is subject to approval from the Chinese government.
Stellantis has released its 2022 Corporate Calendar detailing key upcoming financial reporting dates. The calendar includes:
- February 23, 2022: Full Year 2021 Results
- May 5, 2022: Q1 2022 Shipments and Revenues
- July 26, 2022: First Half 2022 Results
- November 3, 2022: Q3 2022 Shipments and Revenues
Stellantis has successfully completed an investment round in Factorial Energy, aimed at accelerating the commercialization of solid-state battery technology. This funding will enhance Factorial's production capabilities, enabling batteries with up to 50% greater range than current lithium-ion options. The investment is part of a Joint Development Agreement established in November 2021. Factorial plans to start constructing a pilot production facility in early 2022.
Amazon and Stellantis have announced a multi-year collaboration to enhance connected experiences in millions of vehicles, focusing on Stellantis’ STLA SmartCockpit platform starting in 2024. Amazon will serve as the preferred cloud provider for Stellantis, integrating advanced software solutions to deliver personalized in-vehicle experiences. The partnership aims to expedite Stellantis’ transformation into a software-focused mobility tech company. Additionally, Amazon will be the first commercial customer of Stellantis' new Ram ProMaster Battery Electric Vehicle launching in 2023.
