H1 2022 Results - Stellantis Affiliate Growth and Profitability
RECONCILIATION OF NET PROFIT TO ADJUSTED OPERATING INCOME
H1 2022
RESULTS FROM CONTINUING OPERATIONS
STELLANTIS
€ million
Net Profit from Continuing Operations
Tax Expense
Net Financial Expenses
Share of the Profit of Equity Method Investees
Operating Income
Adjustments:
Restructuring and Other Costs, Net of Reversals (2)
CAFE Penalty Rate (3)
Takata Recall Campaign (4)
North
America
Enlarged
Europe
Middle East
& Africa
South
America
China and
India &
Asia Pacific
Maserati
Other (1)
Stellantis
7,960
1,985
431
(56)
10,320
157
619
33
660
538
22
2
Patents Litigation (5)
93
40
1
IIII
Impairment Expense and Supplier Obligations
18
4
45
Other (6)
(62)
(210)
(1)
Total Adjustments
866
991
22
Adjusted Operating Income
7,683
3,267
472
81
1,002
(1)
289
62
29
838
660
562
134
67
66
(207)
95
2,054
(401)
12,374
(1) Other activities, unallocated items and eliminations
(5)
(2) Primarily related to workforce reductions, mainly in Enlarged Europe, North America and South America
(3) Increase in provision related to Model Year 2019-2021 CAFE penalty rate adjustment
(6)
Provision related to litigation by certain patent owners related to the use of certain technologies in prior periods
Mainly related to release of litigation provisions, changes in ownership of equity method investments, partially offset by
net losses on disposals
(4) Extension of Takata airbags recall campaign in Enlarged Europe, Middle East & Africa and South America
July 28, 2022
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