Stellantis Shrugs Off Supply Issues, Slowdown With Rising Profit
- Carmaker sees strong earnings continuing in the second half
- Shares rise after first-half results were better than expected
Stellantis confirmed its full-year outlook for a double-digit margin.
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Stellantis NV expects to overcome supply-chain snarls to extend strong earnings into the second half of the year as the maker of Jeeps and Fiats focuses production on its most profitable models.
Stellantis’s adjusted operating income margin came in at 14.1% in the six months through June, it said Thursday, comfortably beating analyst predictions. The automaker confirmed its forecast for double-digit profitability for the full year.