Q1 revenues were strong; driven by yet another exceptional quarter in North America, as well as a solid yoy recovery in South America, more than offsetting the chip shortage-induced weakness in Europe. Sustained underlying demand and low inventory levels have reinforced Stellantis’ pricing power, coupled with an improved product mix from successful new model launches, particularly in the high-end. Overall, execution remains top-notch, with STLA sticking to its FY22 guidance despite a more challe ....
05 May 2022
Q1 top-line surprises on the upside, FY targets reiterated
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Q1 top-line surprises on the upside, FY targets reiterated
Q1 revenues were strong; driven by yet another exceptional quarter in North America, as well as a solid yoy recovery in South America, more than offsetting the chip shortage-induced weakness in Europe. Sustained underlying demand and low inventory levels have reinforced Stellantis’ pricing power, coupled with an improved product mix from successful new model launches, particularly in the high-end. Overall, execution remains top-notch, with STLA sticking to its FY22 guidance despite a more challe ....