FCA appears to be one of the worst hit by the COVID-19 crisis among European automakers. While revenues fell more slowly than vehicle sales, the disappointment came from the weak operational profitability. All regions, save for North America, posted EBIT losses. With Q2 set to be the most difficult quarter of the year, the silver lining from this release is the group’s reassurance that the deal with PSA remains firmly in motion.
05 May 2020
Q1: EBIT losses across the board, save for North America
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Q1: EBIT losses across the board, save for North America
Stellantis N.V. (STLA:WBO) | 0 0 0.3% | Mkt Cap: 34,343m
- Published:
05 May 2020 -
Author:
Jorge Velandia -
Pages:
3
FCA appears to be one of the worst hit by the COVID-19 crisis among European automakers. While revenues fell more slowly than vehicle sales, the disappointment came from the weak operational profitability. All regions, save for North America, posted EBIT losses. With Q2 set to be the most difficult quarter of the year, the silver lining from this release is the group’s reassurance that the deal with PSA remains firmly in motion.