Stellantis 3Q Revenue, Shipment Rose But Strike Cost EUR3 Billion in Sales
2023年10月31日 - 4:32PM
Dow Jones News
By David Sachs
Stellantis's third-quarter revenue and vehicle shipments rose
but said that lost production from the strike in the U.S.
translated to a significant sales hit.
The Netherlands-based maker of Jeep, Dodge and a dozen other
brands said on Tuesday that revenue reached 45.10 billion euros
($47.88 billion) compared with EUR42.10 billion in the third
quarter of last year. Analysts had expected third-quarter revenue
at EUR42.45 billion, according to FactSet.
Sales figures reflect improved volume and steady pricing but
gains were partially offset by currency exchange rates, the company
said.
Production losses from the six-week strike in the U.S., which is
now on hold, equated to around EUR3.00 billion in lost revenue,
Stellantis said. The effect of the strike on the company's margin
was under EUR750 million, Chief Financial Officer Natalie Knight
said.
Consolidated vehicle shipments rose 11% to 1.4 million,
Stellantis said.
Stellantis confirmed its full-year guidance of an adjusted
operating income margin in the double digits and positive free cash
flow.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
October 31, 2023 03:17 ET (07:17 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Stellantis NV (BIT:STLA)
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Stellantis NV (BIT:STLA)
過去 株価チャート
から 5 2023 まで 5 2024