The Russia-Ukraine conflict brings heavy repercussions also in terms of trade and export relations for various sectors, including the automotive sector, already held back by the semiconductor crisis. According to experts from Oddo BHF, French Renault and Finnish Nokian Renkaat they seem to be the houses most exposed to the risk associated with the Russia-Ukraine conflict.
The auto industry, Oddo argues in a report reported by the Bloomberg agency, is facing the interruption of production and inflation linked to the jump in raw material costs following the conflict in Ukraine.
Situation that exacerbates i supply chain problems for an “already fragile” automotive sector. Stellantis also has exposure to Russia albeit limited, but the consequences for the group led by Carlos Tavares will be felt, after the results of the second quarter of 2021, significantly higher than expected and the presentation of the business plan last week. Equita is convinced of this and has adjusted the estimates, adopting more cautious assumptions about Europe for the conflict Russia-Ukraine, provided there is no further escalation. In particular, Equita Sim analysts estimate that in 2022 the Enlarged Europe division will record a decline in revenues of 7% and adjusted EBIT of 40% on an annual basis. As a consequence, analysts are positioned below the consensus (EPS -12%) which they believe is largely made up of estimates not yet updated after the recent geopolitical evolution.
In Piazza Affari at the moment the Stellantis share marks a sharp decline of 4% in the 13.3 euro area after having reached a minimum of 12.166 euro.