Stellantis also announced today preliminary expectations regarding its 2021 First Half trading performance and certain financial results. The Company expects a strong margin performance for the First Half of 2021, due to positive pricing and product mix. The global #stellantis team has also responded strongly to volume constraints caused by semi-conductor shortages, implementing very effective cost control measures. As a consequence, Adjusted Operating Income margins in the First Half of 2021 are expected to exceed the previously communicated full year margin guidance range of 5.5% to 7.5%, despite volume losses compared to planned production rates.
For the First Half of 2021, consistent with expectations as communicated in the First Quarter 2021 results conference call, #stellantis expects negative Industrial Free Cash Flows due to the negative working capital impact of the lower than planned production volumes. A very promising start of the execution of synergies, well on track to exceed the first year target, should materially contribute to the full year cash flow performance, which is still expected to be positive.
Details for accessing the #stellantis #ev Day 2021 digital event are available under the Investors section of the #stellantis #corporate website at www.stellantis.com. The event begins at 2:30 p.m. CEST / 8:30 a.m. EDT.
