Date: May 5, 2021 | STELLANTIS N.V. | ||||||||||
By: | /s/ Richard K. Palmer | ||||||||||
Name: Richard K. Palmer | |||||||||||
Title: Chief Financial Officer |
2021 FIRST QUARTER RESULTS FROM CONTINUING OPERATIONS | Q1 2021 | Q1 2020 | Q1 2021 Pro Forma(1) | Q1 2020 Pro Forma(1) | Q1 2021 Pro Forma vs. Q1 2020 Pro Forma | ||||||||||||||||||||||||||||||
Combined shipments (000 units) | 1,526 | 626 | 1,618 | 1,444 | +12% | ||||||||||||||||||||||||||||||
Consolidated shipments (000 units) | 1,477 | 620 | 1,567 | 1,417 | +11% | ||||||||||||||||||||||||||||||
Net revenues (€ billion) | €34.3 | €11.9 | €37.0 | €32.4 | +14% |
NORTH AMERICA | ||||||||||||||||||||||||||||||||
Q1 2021 Pro Forma(1) | Q1 2020 Pro Forma(1) | vs. Q1 2020 Pro Forma | •Shipments down 4%, mainly due to Q1 2021 production losses resulting from semiconductor shortages and discontinuation of Dodge Grand Caravan and Journey, partially offset by all-new Chrysler Voyager and impact of COVID-related temporary production suspensions in Q1 2020 •Net revenues up 9%, primarily due to favorable vehicle and market mix, as well as strong positive net pricing, partially offset by negative foreign exchange translation effects and lower volumes | |||||||||||||||||||||||||||||
Shipments (000s) | 451 | 471 | (20) | |||||||||||||||||||||||||||||
Net revenues (€ million) | 15,916 | 14,546 | +1,370 |
SOUTH AMERICA | ||||||||||||||||||||||||||||||||
Q1 2021 Pro Forma(1) | Q1 2020 Pro Forma(1) | vs. Q1 2020 Pro Forma | •Shipments up 49%, primarily due to strong demand for all-new Fiat Strada and impact of COVID-related temporary production suspensions in Q1 2020 •Net revenues up 31%, mainly due to higher volumes, positive net pricing and improved vehicle mix, partially offset by negative foreign exchange translation effects, primarily from Brazilian real | |||||||||||||||||||||||||||||
Shipments (000s) | 189 | 127 | +62 | |||||||||||||||||||||||||||||
Net revenues (€ million) | 2,101 | 1,605 | +496 |
ENLARGED EUROPE | ||||||||||||||||||||||||||||||||
Q1 2021 Pro Forma(1) | Q1 2020 Pro Forma(1) | vs. Q1 2020 Pro Forma | •Shipments up 11%, mainly due to all-new Peugeot 208 and 2008, Citroën C4 and Opel Mokka, as well as the impact of COVID-related temporary production suspensions in Q1 2020, partially offset by Q1 2021 production losses due to semiconductor shortages •Net revenues up 15%, primarily due to higher volumes, improved vehicle mix, positive net pricing and increased revenues from owned dealers | |||||||||||||||||||||||||||||
Shipments (000s) | 823 | 743 | +80 | |||||||||||||||||||||||||||||
Net revenues (€ million) | 16,029 | 13,966 | +2,063 |
MIDDLE EAST & AFRICA | ||||||||||||||||||||||||||||||||
Q1 2021 Pro Forma(1) | Q1 2020 Pro Forma(1) | vs. Q1 2020 Pro Forma | •Shipments up 32%, primarily due to all-new Opel Corsa, Peugeot 208 and 2008, and Citroën C3, as well as impact of COVID-related temporary production suspensions in Q1 2020, partially offset by Q1 2021 production losses due to semiconductor shortages •Net revenues up 20%, mainly due to higher volumes and positive net pricing, partially offset by negative foreign exchange translation effects, mainly from Turkish lira | |||||||||||||||||||||||||||||
Combined shipments (000s) | 100 | 67 | +33 | |||||||||||||||||||||||||||||
Shipments (000s) | 70 | 53 | +17 | |||||||||||||||||||||||||||||
Net revenues (€ million) | 1,311 | 1,093 | +218 |
CHINA AND INDIA & ASIA PACIFIC | ||||||||||||||||||||||||||||||||
Q1 2021 Pro Forma(1) | Q1 2020 Pro Forma(1) | vs. Q1 2020 Pro Forma | •Shipments up 45%, primarily due to increased volumes of Jeep Wrangler, all-new Peugeot 208, 2008 and 3008, along with impact of COVID-related temporary production suspensions in Q1 2020 •Net revenues up 35%, mainly due to higher volumes | |||||||||||||||||||||||||||||
Combined shipments (000s) | 50 | 33 | +17 | |||||||||||||||||||||||||||||
Shipments (000s) | 29 | 20 | +9 | |||||||||||||||||||||||||||||
Net revenues (€ million) | 865 | 643 | +222 |
MASERATI | ||||||||||||||||||||||||||||||||
Q1 2021 Pro Forma(1) | Q1 2020 Pro Forma(1) | vs. Q1 2020 Pro Forma | •Shipments up 74%, primarily due to launch of refreshed lineup, with increases across all models, particularly in China, as well as impact of COVID-related temporary production suspensions in Q1 2020 •Net revenues up 71%, primarily due to higher volumes and favorable market mix, mainly in China | |||||||||||||||||||||||||||||
Shipments (000s) | 5.4 | 3.1 | +2.3 | |||||||||||||||||||||||||||||
Net revenues (€ million) | 442 | 258 | +184 |
Q1 2021 | (€ million) | NORTH AMERICA | SOUTH AMERICA | ENLARGED EUROPE | MIDDLE EAST & AFRICA | CHINA AND INDIA & ASIA PACIFIC | MASERATI | OTHER(*) | STELLANTIS | ||||||||||||||||||||||||||||||||||||||||||||
Net revenues from external customers(A) | € | 13,892 | € | 1,912 | € | 15,658 | € | 1,275 | € | 811 | € | 420 | € | 331 | € | 34,299 | |||||||||||||||||||||||||||||||||||||
Add: FCA Net revenues from external customers January 1 - January 16, 2021(B) | 2,015 | 189 | 335 | 36 | 51 | 18 | 60 | 2,704 | |||||||||||||||||||||||||||||||||||||||||||||
Add: Pro forma adjustments(C) | 3 | — | (7) | — | — | — | — | (4) | |||||||||||||||||||||||||||||||||||||||||||||
Net revenues from external customers, January 1 - March 31, 2021 Pro Forma | € | 15,910 | € | 2,101 | € | 15,986 | € | 1,311 | € | 862 | € | 438 | € | 391 | € | 36,999 | |||||||||||||||||||||||||||||||||||||
Net revenues from transactions with other segments | 6 | — | 43 | — | 3 | 4 | (56) | — | |||||||||||||||||||||||||||||||||||||||||||||
Net revenues Pro Forma(D) | € | 15,916 | € | 2,101 | € | 16,029 | € | 1,311 | € | 865 | € | 442 | € | 335 | € | 36,999 |
Q1 2020 | (€ million) | NORTH AMERICA | SOUTH AMERICA | ENLARGED EUROPE | MIDDLE EAST & AFRICA | CHINA AND INDIA & ASIA PACIFIC | MASERATI | OTHER(*) | STELLANTIS | ||||||||||||||||||||||||||||||||||||||||||||
Net revenues from external customers, restated(A) | € | 32 | € | 306 | € | 10,793 | € | 611 | € | 191 | € | — | € | 9 | € | 11,942 | |||||||||||||||||||||||||||||||||||||
Add: FCA Net revenues from external customers(B) | 14,537 | 1,296 | 3,237 | 476 | 441 | 252 | 328 | 20,567 | |||||||||||||||||||||||||||||||||||||||||||||
Add: Pro forma adjustments(C) | (27) | 3 | (84) | — | (3) | 4 | (5) | (112) | |||||||||||||||||||||||||||||||||||||||||||||
Net revenues from external customers Pro Forma | € | 14,542 | € | 1,605 | € | 13,946 | € | 1,087 | € | 629 | € | 256 | € | 332 | € | 32,397 | |||||||||||||||||||||||||||||||||||||
Net revenues from transactions with other segments | 4 | — | 20 | 6 | 14 | 2 | (46) | — | |||||||||||||||||||||||||||||||||||||||||||||
Net revenues Pro Forma(D) | € | 14,546 | € | 1,605 | € | 13,966 | € | 1,093 | € | 643 | € | 258 | € | 286 | € | 32,397 |
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