Press release
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luglio 08, 2021 - Stellantis
Stellantis To Hold "EV Day 2021" Today and Provides Update on H1 2021 Trading Performance
Comunicato Stampa disponibile solo in lingua originale.
AMSTERDAM - #stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) will host at 2:30 p.m. CEST / 8:30 a.m. EDT its #ev Day 2021. Carlos Tavares, Chief Executive Officer at #stellantis, will share Stellantis’ comprehensive electrification strategy. Touchpoints of the presentations will include:
Significant investments in electrification #technology and connected software
Remaining an industry frontrunner in #efficiency via maximized synergies from the merged company
Competitive electrified products that enhance the unique character of each of the Company’s vehicle brands
Offering a full suite of solutions for private, business and fleet customers that help simplify BEV ownership
Flexible, BEV-by-design platforms and electric drive modules that cover a wide range of vehicle segments to deliver economies of scale and efficiencies
Class-leading #ev batteries in energy #efficiency and cost
Stellantis also announced today preliminary expectations regarding its 2021 First Half trading performance and certain financial results. The Company expects a strong margin performance for the First Half of 2021, due to positive pricing and product mix. The global #stellantis team has also responded strongly to volume constraints caused by semi-conductor shortages, implementing very effective cost control measures. As a consequence, Adjusted Operating Income margins in the First Half of 2021 are expected to exceed the previously communicated full year margin guidance range of 5.5% to 7.5%, despite volume losses compared to planned production rates.
For the First Half of 2021, consistent with expectations as communicated in the First Quarter 2021 results conference call, #stellantis expects negative Industrial Free Cash Flows due to the negative working capital impact of the lower than planned production volumes. A very promising start of the execution of synergies, well on track to exceed the first year target, should materially contribute to the full year cash flow performance, which is still expected to be positive.
Details for accessing the #stellantis #ev Day 2021 digital event are available under the Investors section of the #stellantis #corporate website at www.stellantis.com. The event begins at 2:30 p.m. CEST / 8:30 a.m. EDT.
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