Press release
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may 05, 2021 - Stellantis
Strong Q1 2021 Net revenues, with growth in all regions
- Net revenues of €34.3 billion, or €37.0 billion on a pro forma basis(1) up 14%
- Consolidated shipments of 1,477 thousand units, or 1,567 thousand units on a pro forma basis(1) up 11%
- Market leadership(2) in Europe 30(3), with market share improved by 150 bps to 23.6%, and South America, with market share up 530 bps to 22.2%
- Extraordinary distribution to shareholders of €0.32/share paid on April 28
“In our first quarter since the Merger, #stellantis posted strong Q1 2021 revenues with the diverse brand portfolio driving increased volumes, positive pricing and improved product mix, despite the headwinds from the global semiconductor crisis.” - Richard Palmer, #stellantis CFO
Consolidated shipments(4) of 1,567 thousand on a pro forma basis(1), up 11%, reflecting strong consumer demand and retail mix, as well as the impact of COVID-related temporary production suspensions in Q1 2020, partially offset by Q1 2021 production losses due to semiconductor shortages, representing a loss of ~11% of planned production, or
~190 thousand units, in the quarter. Limited visibility of full year semiconductor shortage impact, but expected that
Q2 2021 will be worse than Q1 2021, with some improvement in H2 2021. Combined shipments(2) of 1,618 thousand
on a pro forma basis(1), up 12%.
Stellantis Q1 2021 Net revenues of €37.0 billion on a pro forma basis(1), compared to €32.4 billion in Q1 2020 on a pro forma basis(1), primarily due to higher overall volumes, positive net pricing, improved market mix, mainly in North America and Enlarged Europe, as well as favorable vehicle mix, partially offset by negative foreign exchange translation effects.
Commercial launch of all-new Opel Mokka began in March 2021 to European consumers, representing a return to the market after being discontinued in 2019. All-new Grand Wagoneer/Wagoneer and next generation Jeep Grand Cherokee production launches remain on track for late Q2 2021 and Q3 2021, respectively. All-new Grand Cherokee L (3-row) production commenced, with commercial launch in late Q2 2021.
Total inventory of 1,234 thousand units at the end of March 2021, including independent dealers inventory, compared to 1,256 thousand units at the end of December 2020(5). Dealer inventories down in all regions from year end, primarily due to the semiconductor shortage.
2021 Industry Outlook(6) for Group's key regions unchanged, with North America +8%, South America +20% and Enlarged Europe +10%. Middle East & Africa +15%, up from 3% previously, India & Asia Pacific +10%, up from 3% previously, and China +5%, unchanged.
2021 Guidance confirmed: Adjusted Operating Income Margin(7) of 5.5 - 7.5%; assumes no significant COVID-19 related lockdowns.
Financial Calendar:
Electrification Day - July 8, 2021
H1 2021 - Full Financial Results - August 3, 2021
stellantis-800x533-l-1608744355
800x533, 31KB
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