Stellantis Q3 Net Revenues Up 7% YoY - Quick Facts

(RTTNews) - Stellantis (STLA) reported that its third quarter net revenues increased 7% year-over-year driven by continued strength in shipments. The "Third Engine" achieved 25% revenue growth year-over-year. Global BEV sales were up 37%.

Third quarter net revenues was 45.1 billion euros, up 7% compared to a year ago, mainly reflecting improved volume and consistent pricing, partially offset by foreign exchange impacts. Consolidated shipments were 1,427 thousand units, up 11%.

"We are focused on maintaining our momentum by delivering industry-leading profitability and cash flows, addressing critical near-term industry challenges, and continuing our electrification and technology transformation. This growth is propelling the execution of our Dare Forward 2030 strategy," said Natalie Knight, CFO.

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