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Anthony Dick ...
  • Michael Foundoukidis

Stellantis : Very solid print, upgrades likely and positive surprise with SBB announcement

>Profitability slightly better, FCF much better, outlook in line… …and € 1.5bn SBB - Stellantis FY 2022 earnings came in (once again) above expectations with EBIT margin at 13.0% (vs consensus at 12.9%), supported by robust performances in key markets, but more importantly FCF at € 10.8bn, well above expectations at € 9.0bn, once again highlighting the best-in-class execution in a very challenging context (supply, logistics). Based on this and with a 2023 outlook in l...
Underlying
Stellantis N.V.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Anthony Dick

Michael Foundoukidis

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