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Stellantis says Q1 gross sales rose 12% on robust pricing and car combine By Reuters

© Reuters. A view exhibits the emblem of Stellantis on the entrance of the corporate’s manufacturing unit in Hordain, France, April 12, 2021. REUTERS/Pascal Rossignol/Information

MILAN (Reuters) – Carmaker Stellantis mentioned on Thursday its gross sales rose 12% within the first quarter of this 12 months supported by robust pricing and car combine, but in addition by beneficial trade charge results.

Web revenues amounted to 41.5 billion euros ($44.1 billion) within the January-March interval versus 37.0 billion euro pro-forma gross sales a 12 months earlier.

The outcome topped analyst expectations of 36.9 billion euros, in keeping with a Reuters ballot.

“Our full-year steering for double-digit adjusted working revenue margins and optimistic cash-flow is confirmed, regardless of provide and inflationary headwinds, nearly as good product momentum and strategic partnerships proceed to pave the best way,” Chief Monetary Officer Richard Palmer mentioned in an announcement.

Shipments nonetheless fell 12% within the quarter, primarily as a result of influence of unfilled semiconductor orders, the world’s fourth largest carmaker mentioned. ($1 = 0.9422 euros)

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