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3/3, 9:14 AM (Source: TeleTrader)
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FCA revenues drop 4% YoY in Q4 to €29B

Fiat Chrysler Automobiles N.V. (FCA), now a part of Stellantis N.V., reported on Wednesday its revenue in the fourth quarter of 2020 fell 4% per annum to €28.58 billion. Net profit slipped 1% during the same three-month period to €1.56 billion, or €0.99 per share. Industrial free cash flow surged 166% to €3.86 billion.

Worldwide consolidated shipments were down 1% at 1.10 million units, with the increase in sales in Europe, the Middle East and Africa, and Latin America making up for the decline in the North American market. However, despite a decrease in revenues, all regions remained profitable.

"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," Stellantis CEO Carlos Tavares said.

Breaking the News / MD