TURIN. Net profit tripled year on year to € 13.4 billion and an ordinary dividend of 3.3 billion to be paid to shareholders. In its first year of life, Stellantis, the fourth world automotive group born from the merger between FCA and PSA, records record results. Revenues also increased, amounting to 152 billion, with an adjusted operating result almost doubled to 18 billion, with an operating margin of 11.8% and all business segments positive.
«Today’s record results – says the CEO, Carlos Tavares – show that Stellantis is well positioned to achieve a strong performance, even in the most uncertain market contexts. I would like to warmly thank all Stellantis employees from all Regions, brands and functions for helping to build our new Company with the diversity that feeds us. I would also like to take this opportunity to thank the management team for their relentless commitment to countering and overcoming highly adverse situations. Together, we are focused on the implementation of our programs continuing on our journey to become a technology company for sustainable mobility ».
All employees of the group will benefit from the results of the group and will share 1.9 billion euros in bonuses. In a note, the company chaired by John Elkann explains that Stellantis is accelerating the realization of the synergies of the merger and building a solid commercial performance, “driven by a clear focus on the speed of execution present from day one”. Stellantis recalls how in 2021 it announced ambitious plans for electrification and software, with an investment program of over 30 billion euros by 2025 and the announcement of strong partnerships in battery technologies, battery materials and development. of the software.
The results achieved include the available industrial cash flow of € 6.1 billion, mainly driven by strong cash synergies and increased profitability. The synergy plan, in particular, brought net cash benefits of approximately € 3.2 billion, while available industrial liquidity amounts to € 62.7 billion.
In Piazza Affari
Stellantis in evidence in Piazza Affari with + 4.11% to 17.018 euros per share after the disclosure of the 2021 accounts closed with a net profit almost tripled to 13.4 billion euros on a pro forma basis, while net revenues amounted to 152 billions of euros, up 14%. Exor also did well with a + 1.77%. Great expectation, now, for the appointment of 1 March in Amsterdam, during which Tavares will unveil the new industrial plan of Stellantis, lifting the veil on new models and strategies.
The satisfaction of the union
Gianluca Ficco, Uilm national secretary in charge of the auto sector, welcomes Stellantis’ choice to recognize an extraordinary award to all employees in the world, in view of the good results achieved in this first year. «The gesture of Stellantis – observes Ficco – is an act of attention towards the workers who are paying a very high price for the crisis in the supply of microchips. It also arises from the assumption that Stellantis is achieving good results despite the extremely difficult phase of the automotive sector. Finally, it should imply that there is no intention to affect wages for the competitiveness recoveries, made necessary by the energy transition ”. The accrual rules of this one-off payment of 450 euros will be the same as the contractual bonus, explains the union, but will only go to permanent workers in force in April and not to temporary workers. Furthermore, since it is a non-contractual payment, it will be subject to ordinary taxation. «Now we await the development of the industrial plan and the resumption of the discussion at the table opened at the Mise on the perspectives of the Italian realities. I trust that we will be able to start again from the approval of the Gigafactory of Termoli, essential for the entire Italian production chain. The recent announcements of the Government in support of the auto sector give us hope that our repeated request for intervention has been received, but we await concrete industrial policies ».
Even Ferdinando Uliano, national secretary of the Fim Cisl, judges positively the decision by the Group to return part of the results obtained globally to the workers: “At the same time – he says – we think it is essential that the Group gives an equally positive signal in the investment plan that will be announced “. In particular, the Fim Cisl asks that “there are answers to all the Stellantis realities in Italy, in order to guarantee and secure prospects and employment”.
The general secretary of Fismic Confsal, Roberto Di Maulo, argues that “this extra bonus is an important signal for workers, who see all the efforts made during this difficult period recognized in their paychecks”. He hopes “in a further path of growth for the future, so as to be able to guarantee full employment of the factories in Italy and completely get out of the crisis due to the pandemic”.