Stellantis Registers 17% Revenue Growth In 1H22 - Stellantis (NYSE:STLA)

Stellantis NV STLA reported the first half FY22 revenues of €88.0 billion, up 17% from 1H21 Pro Forma revenues, reflecting strong net pricing, favorable vehicle mix, and positive FX translation effects.
North America's revenue rose 30.8% Y/Y to €42.4 billion, South America increased 46.5% to €7.2 billion, Europe fell 2.3% to €31.3 billion, Middle East & Africa rose 19.3% to €3 billion, China and India & Asia Pacific grew 14.3% to €2.2 billion.
The adjusted operating margin expanded 270 basis points to 14.1%, and the adjusted operating income was €12.4 billion.
Cash flow from operating activities totaled €9.8 billion.
It reported Industrial free cash flows of €5.3 billion.
Global BEV sales are up nearly 50% Y/Y to 136,000 units.
Outlook: Stellantis sees FY22 adjusted operating income margin to be in double-digits.
Price Action: STLA shares are trading higher by 3.88% at $13.91 on the last check Thursday.