The de-consolidation of Magneti Marelli, which was sold for total proceeds of €5.8bn this month, reduced Q1 18 revenue by €1.3bn. The group’s remaining activities have shown falling shipments in each region and the adjusted EBIT margins fell as well. LatAm was the only region where the margin was up by 1.5pp to 5.4%.
03 May 2019
Q1 earnings down everywhere, except for LatAm
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Q1 earnings down everywhere, except for LatAm
Stellantis N.V. (STLA:WBO) | 0 0 0.3% | Mkt Cap: 34,343m
- Published:
03 May 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
The de-consolidation of Magneti Marelli, which was sold for total proceeds of €5.8bn this month, reduced Q1 18 revenue by €1.3bn. The group’s remaining activities have shown falling shipments in each region and the adjusted EBIT margins fell as well. LatAm was the only region where the margin was up by 1.5pp to 5.4%.