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    STLA   NL00150001Q9

STELLANTIS N.V.

(STLA)
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Delayed Borsa Italiana  -  11:38 2022-12-09 am EST
13.72 EUR   -2.54%
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Stellantis boss expects chip supply to remain 'complicated' until end 2023

10/02/2022 | 06:51am EST
Stellantis CEO Carlos Tavares meets unions and holds a news conference in Turin

PARIS (Reuters) - The head of carmaker Stellantis, Carlos Tavares, expects the semiconductor supply chain to remain tight until the end of next year, he said in an interview published on Sunday in French newspaper Le Parisien.

"The situation will remain very complicated until the end of 2023, then will ease a little," said Tavares, adding that "semiconductor manufacturers have an interest in making business with us again, especially as they're raising prices".

Over the past couple of years, shortages of semiconductor chips, due among other factors to the impact of the COVID-19 pandemic, have forced global automakers to scrap production plans for millions of cars. Shortages are now easing, but at a new and permanent cost to the car companies.

In France, shortages keep weighing on manufacturers' sales. While new car registrations increased by 5% last month, according to industry figures published on Saturday, they remained down nearly 12% since the start of the year.

(Writing by Juliette Jabkhiro; Editing by Jan Harvey)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
STELLANTIS N.V. -2.54% 13.724 Delayed Quote.-17.75%
STELLANTIS N.V. -2.22% 13.766 Real-time Quote.-17.46%
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Analyst Recommendations on STELLANTIS N.V.
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Financials
Sales 2022 177 B 186 B 186 B
Net income 2022 15 474 M 16 307 M 16 307 M
Net cash 2022 25 800 M 27 189 M 27 189 M
P/E ratio 2022 2,78x
Yield 2022 9,37%
Capitalization 44 100 M 46 475 M 46 475 M
EV / Sales 2022 0,10x
EV / Sales 2023 0,08x
Nbr of Employees 281 595
Free-Float 75,9%
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Technical analysis trends STELLANTIS N.V.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Last Close Price 13,72 €
Average target price 20,85 €
Spread / Average Target 51,9%
EPS Revisions
Managers and Directors
Carlos Tavares Chief Executive Officer & Executive Director
Richard Keith Palmer Chief Financial Officer
John Jacob Philip Elkann Chairman
Harald J. Wester Chief Engineering Officer
Ned Curic Chief Technology Officer
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