Stellantis records strong profit margin for 2021

International auto conglomerate Stellantis has recorded a net profit of €13.4 billion (AU$20.9bn) for 2021 – almost triple that it had when its 14 brands merged into one company just over a year ago.

The organisation, made up of Fiat, Jeep, Dodge, Opel, Vauxhall, Peugeot, Ram, DS, Abarth, Alfa Romeo, Chrysler, Citroën, Lancia and Maserati, posted a net revenue of €152 billion (AU$237.9bn) in 2021, up 14 per cent from €134bn (AU$209.7bn).

6

According to the firm the results published are pro-forma and have been completed as if the merger between the former Peugeot Société Anonyme (PSA) and Fiat Chrysler Automobiles took place on January 1, 2020, rather than when it actually did occur which was on January 16, 2021.

Specifically for the India and Asia Pacific region, of which Australia is a part, the outlook for 2022 is for the business to be up by five per cent.

“[These] results prove that Stellantis is well positioned to deliver strong performance, even in the most uncertain market environments,” said Stellantis CEO, Carlos Tavares.

6

“I warmly thank all Stellantis employees across our regions, brands and functions for their contribution to building our new company powered by its diversity. I take this opportunity to also thank the management team for their relentless efforts as we faced and overcame intense headwinds. Together, we are focused on executing our plans as we race to become a sustainable mobility tech company."

During 2021, Stellantis launched more than 10 new models, including; the Citroën C4, Fiat Pulse, DS 4, Jeep Grand Cherokee, Wagoneer, Maserati MC20, Opel Mokka, Opel Rocks-e and Peugeot 308 – though of these only the C4, Grand Cherokee, MC20 and 308 have arrived or are confirmed for Australia.

6

In its infancy so far, Stellantis has unveiled extensive electrification ambitions, with planned investments of more than €30 billion (AU$46.9bn) through to 2025, including partnerships announced in battery technology, battery materials and software development.

Momentum around its EVs has been building in recent months, with 34 low-emission vehicles brought to market – up 160 per cent year-on-year.

In the US, the Jeep Wrangler 4xe was the bestselling plug-in hybrid electric vehicle for 2021, while in Europe the Peugeot 208 was the number one selling vehicle. In India and Asia Pacific the company is preparing to launch the new Citroën C3, developed and produced in India.

6

In China, Dongfeng Peugeot Citroën more than doubled its annual sales volume of 2020 with 100,000 units sold and Stellantis became the fourth largest Independent After Market (IAM) parts distributor in China, with sales growth of approximately 30 per cent year-on-year.

Off the back of its financial successes, in all countries where Stellantis is present, employees received a wedge of the €1.9 billion redistributed through its “pay for performance” approach – €770 million more than the cumulative amount shared out last year by each of the previous legacy companies, representing a 70 per cent increase.

6

“Employees are the heart of Stellantis. It is thanks to their continued focus on execution and excellence that we were able to achieve record results in our first year as Stellantis,” said Tavares.

“Every Stellantis employee took on an extraordinary task in 2021 of combining two automakers, while facing serious external challenges. Our goal is that all employees benefit from the company’s profitable growth. We are pleased to reward and thank our team members for their tireless commitment.”