Stellantis entered 47,235 million between January and March, up nearly 14% due to improvement in semiconductor supply | Economy

Automotive group Stellantis entered 47,235 million euros in the first quarter of the year, up 13.9% from the 41,482 million euros it billed in the same period a year earlier, according to data released by the company on Wednesday. “Stelantis is off to a strong start to 2023, building on outstanding 2022 momentum and delivering strong net income across all segments. Our global footprint and diversified product portfolio means we are well-positioned to continue to deliver strong financial performance throughout the year,” said Richard Palmer, Chief Financial Officer. Stellantis, “We will be adding nine new battery electric cars to our product offering this year.

By region, Stellantis sales volume in North America increased to €22,772 million in the first quarter of the year, up 10% year-on-year, while in Europe it reached €16,106 million (+10.14% year-on-year). Similarly, in the Middle East and Africa, the company entered 2,166 million euros between January and March 2023, up 55% from 1,397 million euros in the first quarter of 2022, while in South America, it issued 3,523 million euros (+19.5%) ), and in China, India and Asia-Pacific €981 million (+5%).

The multinational automaker registered 1.47 million vehicles worldwide between January and March this year, which translates to an increase of 7% compared to 1.37 million units sold in the same period in 2022. In addition, electric vehicle deliveries increased by 100%. %. by 22%. The company attributed the increase in sales to an improvement in its semiconductor supply chain, which has allowed it to increase vehicle deliveries.

In the first quarter of the year, Stellantis delivered 509,000 vehicles in the US (+29% yoy), while in Europe it sold 657,000 (+35%), in the Middle East and Africa it recorded 83,000 (+16%), and in South America it sold 191,000 units (+17%), and in China, India and Asia Pacific recorded 28,000 units (+1%). Looking ahead for the year, the company reaffirmed its earnings outlook, with an estimated “double-digit” adjusted operating margin, while also ending the year with positive industrial free cash flow.

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