Stellantis posted promising financial results in 2021 as the automotive group tripled its net profit, doubled its operating income and increased its net revenues compared with 2020, when it was still split between the PSA and FCA groups.
The firm's net profits increased by 11.8% to €13.4 billion (£11.2bn) and net revenue rose 14% to €152bn (£127bn). It has predicted another double-digit operating income margin for 2022, even accounting for the lingering impact of the supply chain crisis and the pandemic.
The group – which consists of 14 brands, including Alfa Romeo, Citroën, DS, Fiat, Jeep, Maserati, Vauxhall and Peugeot – introduced 10 new models last year and 34 low-emission variants of existing models.
Stellantis says it sold 388,000 low-emission models in 2021, which is an increase of 160% year on year.
