Further to the creation of Stellantis N.V. through the closing of the cross-border legal merger between Fiat Chrysler Automobiles N.V. (FCA) and Peugeot S.A. (PSA) on January 16, 2021, the following documents are the earnings releases of the legacy operations of FCA and PSA for the year ended December 31, 2020.
“These figures demonstrate the financial soundness of Stellantis, bringing together two strong and healthy companies. Stellantis gets off to a flying start and is fully focused on achieving the full promised synergies.”
– Carlos Tavares, Stellantis CEO
Pursuant to Sept ‘20 Amendment to Combination Agreement, Board has approved a €1.0B distribution(1) to shareholders, subject to shareholder approval at the AGM on April 15, 2021
2021 Industry Outlook(2): North America +8%, South America +20%, Europe +10%, Middle East & Africa +3%, India & Asia Pacific +3% and China +5%
2021 Guidance(3): Adjusted Operating Income Margin of 5.5 – 7.5%; assumes no significant COVID-19 related lockdowns
Financial Calendar:
Q1 ’21 – Sales and Revenues Only – May 5 ’21
H1 ’21 – Full Financial Results – Aug 3 ’21
Q3 ’21 – Sales and Revenues Only – Oct 28 ’21
These results do not represent the consolidated results of Stellantis N.V.
On March 3, 2021 at 3:30 p.m. CET / 9:30 a.m. EST, a conference call and webcast will be held to present the Fourth Quarter and Full Year 2020 results of FCA and Full Year 2020 results of PSA. The call can be followed live and a recording will be available later on the Group’s website (https://www.stellantis.com/en). The supporting documents will be made available on the Group’s website prior to the call.
Reference should be made to the section “Safe Harbor Statement” included elsewhere within this document.
*Refer to the FCA sections “Fourth Quarter Reconciliations”, “FY 2020 Reconciliations” and “FCA Notes” and the PSA section “Appendix” for definitions of the respective company’s supplemental financial measures and reconciliations to applicable IFRS metrics.
Please click here to view the full press release.
SOURCE: Stellantis
