Stellantis posted a slight beat on the top line, a strong beat on profitability and a massive beat on FCF for H1 23. This was supported by better utilisation of capacity as production constraints eased, and by continuously growing synergies. All regions contributed to the growth with resilient margins in North America and growing margins in EEU, while MEA posted a record 25%+ adjusted EBIT margin. The blurry FY23 remained unsurprisingly unchanged but Stellantis raised its market outlook for EEU ....
