Stellantis shares are stable over one year. (© Stellantis)
The automaker wants to double in size by 2030. On the menu, electrics and new services with the aim of improving stock market ratios.
Carlos Tavares, the patron of
Stellantis
, has he overcome the curse of giant mergers, this empirical observation that a majority of marriages between large groups fail or create much less value than promised? The future will tell.
But already, after only one year of existence, the group born on January 17, 2021 from the merger between PSA and Fiat Chrysler presents several guarantees of success. Starting with record financial results.
13.4 billion net profit in 2021
Despite a global automotive market hampered by shortages of electronic components, Stellantis posted a net profit of 13.4 billion euros last year, up 179% from the overall net profit PSA and Fiat Chrysler the previous year if the merger had taken place on January 1, 2020.
However, the group with 14 brands sold only 6.5 million vehicles last year, or 100,000 more than in 2020, a dark year weighed down by the health crisis. Stellantis is still far from the 8 million cumulative sales of PSA and Fiat Chrysler in 2019. But it has managed to thwart the pitfalls of the exercise, particularly in the field of shortages of semiconductors. He favored the top-of-the-range vehicles most sought after by buyers, who also have the best margins.
As a result, operational profitability