H1 2022 Results - Stellantis Affiliate Growth and Profitability
RECONCILIATION OF NET PROFIT TO ADJUSTED OPERATING INCOME
H1 2021
RESULTS FROM CONTINUING OPERATIONS
STELLANTIS
North
€ million
America
Enlarged
Europe
Middle East
& Africa
South
America
China and
India &
Asia Pacific
Maserati
Other (1)
Stellantis
Net Profit from Continuing Operations
5,800
1,729
Tax Expense
Net Financial Expenses
Share of the Profit of Equity Method Investees
Operating Income
Adjustments:
Restructuring and Other Costs, Net of Reversals (2)
Reversal of Inventory FV Adjustment in Purchase Accounting (3) 401
Impairment Expense and Supplier Obligations
Brazilian Indirect Tax - Reversal of Liability/Recognition
of Credits (4)
Other (5)
Total Adjustments Jan 1 - Jun 30 '21
Less: Adjustments Jan 1 - 16 '21 (6)
Adjusted Operating Income
(2)
ལྕི་བ་༔
21
487
1
48
89
13
19
I
.
(222)
36
85
435
682
I I
217
(402)
7,344
7
541
NII
522
21
(222)
2
120
243
(161)
19
2
127
1,105
317
208
42
(246)
11
8,438
4,983
2,878
256
(1) Other activities, unallocated items and eliminations
(4)
(2) Restructuring and other costs related to reorganization of operations and dealer network, primarily in Enlarged Europe
(3) Reversal of fair value adjustment recognized in purchase accounting on FCA inventories
(5)
Benefit related to final decision of Brazilian Supreme Court on calculation of state value added tax
Includes other costs primarily related to merger and integration activities
(6)
Primarily costs related to the Merger
July 28, 2022
H1 2022 RESULTS 140View entire presentation