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Stellantis beats profit target

Stellantis beats profit target

This year did not start good for Stellantis, because they had to recall nearly 20.000 plug-in minivans on concerns of fire risk. That made the stock fall from around 16 percent, so it is now traded at 17,39 euros. They are listed on 3 stocks exchanges in Europe and USA.

But not everything is so dark for them, as they just reported beating of profit target in last year. It was the first time since merging. Profit recorded is 13,40 billion euros, which is more than triple number year on year. Carlos Tavares, CEO of Stellantis, proudly said that numbers are proof that Stellantis is well positioned to deliver strong results and strong performance.

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Performance of Stellantis stock in 5-year period. (Source: Trading Economics)