Stellantis profitability beats target after merger

📆 23/02/2022 13:27:00
📰 RTEbusiness

⏱ Reading Time:
26 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 61%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Stellantis said raw material inflation would remain a problem for the whole industry this year, while the semiconductors shortage, which cost the group around 20% of its planned production in 2021, had peaked in the third quarter of last year.

"Record results prove that Stellantis is well positioned to deliver strong performance, even in the most uncertain market environments," chief executive Carlos Tavares said.

Its chief financial officer Richard Palmer told reporters that cash synergies booked last year put the group ahead of schedule to reach 80% of its €5 billion cost saving target by 2024. He added Stellantis did not have any significant direct exposure to Russia, which is being hit be international economic sanctions over Ukraine.The group, which generated an industrial free cash flow of over €6 billion last year, proposed to pay out €3.3 billion in ordinary dividends, equal to €1.05 per share.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

Scrivi un Commento

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Conor Murray and Rory McIlroy help Whoop get on track for Irish marketing campaign | Business PostConor Murray and Rory McIlroy help Whoop get on track for Irish marketing campaign – emmetjryan reports. emmetjryan They'd want to get the orders right. Waiting 8 weeks for a band and no idea of when I will receive it
Fonte: businessposthq - 🏆 8. / 71 Leggi di più »