The group’s shipments fell by 2.0% to 2.22m vehicles in H1 but rising ASPs have resulted in a 1.9% automotive revenue increase to €52.2bn. Consolidated turnover (including Components) was up by 2.2% to €55.6bn. Unfortunately, the release so far concentrates on ‘adjusted’ earnings and these are difficult make comparisons. According to management, adjusted EBIT increased by 15% to €1.87bn in Q2 and by 13% to €3.4bn. The adjustments include, among other item
27 Jul 2017
Higher ASPs outside of EMEA have pushed earnings up
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Higher ASPs outside of EMEA have pushed earnings up
Stellantis N.V. (STLA:WBO) | 0 0 0.3% | Mkt Cap: 34,343m
- Published:
27 Jul 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
The group’s shipments fell by 2.0% to 2.22m vehicles in H1 but rising ASPs have resulted in a 1.9% automotive revenue increase to €52.2bn. Consolidated turnover (including Components) was up by 2.2% to €55.6bn. Unfortunately, the release so far concentrates on ‘adjusted’ earnings and these are difficult make comparisons. According to management, adjusted EBIT increased by 15% to €1.87bn in Q2 and by 13% to €3.4bn. The adjustments include, among other item