Stellantis Q1 sales up 14% as better chip supply supported shipments – EQ Mag
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MILAN : Stellantis STLAM.MI said on Wednesday its revenue grew 14% in the first quarter of this year on higher shipments, favoured by an improvement in semiconductor supply, and strong net pricing power.
Net revenues amounted to 47.2 billion euros ($52 billion) in the January-March period, topping analyst expectations of 45.5 billion euros, according to a Reuters poll.
Consolidated shipments were up 7% in the quarter to around 1.48 million units, Stellantis said, adding the group would add nine new batter electric vehicles (BEV) to its offering this year.
($1 = 0.9074 euros)
Source: Reuters
