Stellantis : The return of the king
>25% beat vs expectations in H2 EBIT, FY FCF twice above consensus - Stellantis just released its FY 21 results which came in much above expectations, even the most bullish ones like us. In detail, FY revenues came in at € 152bn (+14%) and broadly in line with our estimates but Adj. EBIT reached € 18bn, i.e. +13% vs consensus (11.8% margin, 120 bps above consensus) and FCF reached € 6.1bn (especially with WCR only € 2.3bn in H2), twice the level consensus was expectin...
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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