Stellantis : An unsurprisingly weak Q3 but focus to be more on the call with (new) CFO
>Q3 in line at -27%, FY outlook reconfirmed, call with new CFO at 01.00pm CET - Q3 revenues came in at € 33.0 bn (-27% reported), in line vs consensus of € 33.1 bn. In fact, they were expected to be very weak due to the decline in shipments (-20% to 1.15 million units, including -36% in North America) already announced a few weeks ago and negative pricing & FX. Following these results, the FY outlook was unsurprisingly reaffirmed as it was (massively) cut a month ago ...
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