.-To The Moon - Tiger Brokers Online Investing Community

Like
Comment
Favorite

chubbyfatty
2022-05-05

Stellantis Revenues Rise 12% Despite Chip Crunch

May 5 (Reuters) - Carmaker Stellantis said on Thursday its sales rose 12% in the first quarter, supp

Stellantis Revenues Rise 12% Despite Chip Crunch

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":9068159190,"tweetId":"9068159190","gmtCreate":1651739862510,"gmtModify":1676534959670,"author":{"id":3582026286427071,"idStr":"3582026286427071","authorId":3582026286427071,"authorIdStr":"3582026286427071","name":"chubbyfatty","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":4,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>.</p></body></html>","htmlText":"<html><head></head><body><p>.</p></body></html>","text":".","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9068159190","repostId":2233386643,"repostType":4,"repost":{"id":"2233386643","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1651733921,"share":"https://www.laohu8.com/m/news/2233386643?lang=&edition=full","pubTime":"2022-05-05 14:58","market":"us","language":"en","title":"Stellantis Revenues Rise 12% Despite Chip Crunch","url":"https://stock-news.laohu8.com/highlight/detail?id=2233386643","media":"Reuters","summary":"May 5 (Reuters) - Carmaker Stellantis said on Thursday its sales rose 12% in the first quarter, supp","content":"<html><head></head><body><p>May 5 (Reuters) - Carmaker <a href=\"https://laohu8.com/S/STLA\">Stellantis</a> said on Thursday its sales rose 12% in the first quarter, supported by strong pricing and vehicle mix and also by exchange rate tailwinds, but it sees only a partial recovery in microchip supply issues this year.</p><p>Net revenues amounted to 41.5 billion euros ($44.1 billion) in the January-March period versus 37.0 billion euro pro-forma sales a year earlier for the world&#39;s fourth largest carmaker.</p><p>The result topped analyst expectations of 36.9 billion euros, according to a Reuters poll.</p><p>Shipments however fell 12% in the quarter to 1.374 million vehicles, mainly due to the impact of unfilled semiconductor orders, Stellantis said.</p><p>The company, whose brands include Peugeot, Fiat, Jeep, Opel and Maserati, confirmed its 2022 forecasts for a double-digit adjusted operating income margin and a positive cash-flow despite supply and inflationary headwinds.</p><p>&#34;It&#39;s important to maintain the double digit (EBIT margin) standard we have set for the company going forward and produce positive cashflows,&#34; Chief Financial Officer Richard Palmer told reporters.</p><p>&#34;A 12 percent increase in revenue with a 12 percent decrease in volumes indicates a very strong performance on price and mix which augurs well for our margin performance,&#34; he added.</p><p>Palmer said he expected semiconductor supply would gradually improve this year and continue in 2023.</p><p>&#34;But honestly I cannot give a date for when they (supply problems) are solved,&#34; he said.</p><p>($1 = 0.9422 euros)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stellantis Revenues Rise 12% Despite Chip Crunch</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStellantis Revenues Rise 12% Despite Chip Crunch\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-05-05 14:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>May 5 (Reuters) - Carmaker <a href=\"https://laohu8.com/S/STLA\">Stellantis</a> said on Thursday its sales rose 12% in the first quarter, supported by strong pricing and vehicle mix and also by exchange rate tailwinds, but it sees only a partial recovery in microchip supply issues this year.</p><p>Net revenues amounted to 41.5 billion euros ($44.1 billion) in the January-March period versus 37.0 billion euro pro-forma sales a year earlier for the world&#39;s fourth largest carmaker.</p><p>The result topped analyst expectations of 36.9 billion euros, according to a Reuters poll.</p><p>Shipments however fell 12% in the quarter to 1.374 million vehicles, mainly due to the impact of unfilled semiconductor orders, Stellantis said.</p><p>The company, whose brands include Peugeot, Fiat, Jeep, Opel and Maserati, confirmed its 2022 forecasts for a double-digit adjusted operating income margin and a positive cash-flow despite supply and inflationary headwinds.</p><p>&#34;It&#39;s important to maintain the double digit (EBIT margin) standard we have set for the company going forward and produce positive cashflows,&#34; Chief Financial Officer Richard Palmer told reporters.</p><p>&#34;A 12 percent increase in revenue with a 12 percent decrease in volumes indicates a very strong performance on price and mix which augurs well for our margin performance,&#34; he added.</p><p>Palmer said he expected semiconductor supply would gradually improve this year and continue in 2023.</p><p>&#34;But honestly I cannot give a date for when they (supply problems) are solved,&#34; he said.</p><p>($1 = 0.9422 euros)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STLA":"Stellantis NV"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2233386643","content_text":"May 5 (Reuters) - Carmaker Stellantis said on Thursday its sales rose 12% in the first quarter, supported by strong pricing and vehicle mix and also by exchange rate tailwinds, but it sees only a partial recovery in microchip supply issues this year.Net revenues amounted to 41.5 billion euros ($44.1 billion) in the January-March period versus 37.0 billion euro pro-forma sales a year earlier for the world's fourth largest carmaker.The result topped analyst expectations of 36.9 billion euros, according to a Reuters poll.Shipments however fell 12% in the quarter to 1.374 million vehicles, mainly due to the impact of unfilled semiconductor orders, Stellantis said.The company, whose brands include Peugeot, Fiat, Jeep, Opel and Maserati, confirmed its 2022 forecasts for a double-digit adjusted operating income margin and a positive cash-flow despite supply and inflationary headwinds.\"It's important to maintain the double digit (EBIT margin) standard we have set for the company going forward and produce positive cashflows,\" Chief Financial Officer Richard Palmer told reporters.\"A 12 percent increase in revenue with a 12 percent decrease in volumes indicates a very strong performance on price and mix which augurs well for our margin performance,\" he added.Palmer said he expected semiconductor supply would gradually improve this year and continue in 2023.\"But honestly I cannot give a date for when they (supply problems) are solved,\" he said.($1 = 0.9422 euros)","news_type":1},"isVote":1,"tweetType":1,"viewCount":417,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}