Stellantis’ adjusted operating profit margins for the first half of 2021 are “expected to exceed the forecast range of 5.5% to 7.5% previously disclosed for full-year margins, despite volume losses from planned production rates ». Stellantis, in sharp decline in Piazza Affari due to the negative industrial free cash flows expected due to lower than expected production volumes, today in the early afternoon will hold the EV Day event, on electrification strategy.
In the meantime, the mega-group, the fourth largest manufacturer in the world, has anticipated the preliminary forecasts on commercial performance in the first half of 2021 and some financial results, explaining that it expects “a solid margin for the first half of 2021, thanks to the positive trend in prices. and the favorable product mix “. Stellantis, it continues, has also “responded energetically to the volume limitations caused by the shortage of semiconductors, implementing extremely effective cost control measures”. And it is “thanks to these measures” that, for the first half of 2021, “in line with the expectations communicated in the conference call on the results of the first quarter of 2021, Stellantis expects negative industrial free cash flows due to the negative impact produced by production volumes lower than forecasts on net working capital ».
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As for the projections up to the end of the year, “a very promising start in the implementation of synergies, a process well underway to exceed the first year objective, should substantially contribute to the performance of the entire year in terms of cash flow, which is still expect positive “.
Ev Day al via
The CEO Carlos Tavares will announce Stellantis’ comprehensive electrification strategy. The highlights of the presentations – explains the company – will concern considerable investments in electrification technologies and connected software; the maintenance of efficiency levels at the top of the sector thanks to the synergies obtained from the merger; competitive electrified products capable of enhancing the unique character of each Group brand; the offer of a complete range of solutions for private customers, companies and fleets, aimed at simplifying the management of BEV vehicles (battery electric cars, ed.) for buyers; Bev-by-design platforms and flexible electric propulsion modules, capable of covering a wide range of vehicle segments and creating efficiencies and economies of scale; batteries for Ev at the forefront in terms of cost and energy efficiency ».