Adjusted operating income (EBIT) fell 40% to 8.463 billion euros ($9.17 billion) in the half year to June 30, below the 8.85 billion euros expected by analysts in a Reuters poll
pledged on Thursday to take steps to address problems in North America n and elsewhere, including cutting output and prices, after the world’s No. 4 car maker delivered worse-than-expected first-half results, sending its shares down 10%.
Adjusted operating income fell 40% to 8.463 billion euros in the half year to June 30, below the 8.85 billion euros expected by analysts in a Reuters poll. Its Milan-listed shares were down about 8% after earlier hitting their lowest since August 2023. They have lost 20% of their value this year, making them the worst performer among the major European car makers.
She said measures include inventory reduction and logistics, especially in North America, the group’s profit powerhouse.
Margin Group Stellantis Ebit Pressure United Output Carlos Tavares Citi North America
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