Overview

• Stellantis reported increased revenue and profits for the first half of 2023, beating analyst expectations.
• The company's adjusted operating profit rose 11% to 14.1 billion euros, while its adjusted operating margin slightly declined to 14.4%.
• Stellantis saw strong sales growth in Europe and North America, but warns it may need to accelerate cost cutting amid a more competitive environment.
• The automaker confirmed its full-year double-digit margin target and raised its regional growth outlook.
• Stellantis' electrified vehicle sales expanded rapidly, with BEVs up 24% and LEVs up 28% year-over-year.