FCA & PSA Full Year 2020 Earnings & Carlos' First Wall Street Conference Call (9:30 U.S. EST) 11.4%. EBIT North American Margin

[AlexB]

FCA Made Money Europe too!

FCA_and_PSA_FY2020_Results_Presentation.pdf (stellantis.com)

Full Year 2020 : Results for FCA and Groupe PSA (royalcast.com)
FCA_and_PSA_FY2020_Results_Presentation.pdf (stellantis.com)
''• Shipments down 8%, primarily due to discontinuation of Dodge Grand Caravan and planned lower Ram 1500 Classic shipments • Net revenues down 7%, with lower volumes and negative foreign exchange translation effects, partially offset by favorable mix, as well as positive net pricing • Adjusted EBIT up 8%, primarily due to favorable model and channel mix, positive net pricing and lower advertising costs, partially offset by lower volumes, higher recall campaign costs and negative foreign Q4 exchange translation effects''.

North America: Revenue of 19.1 billion EUROS
EBIT Profit of $2.22 billion ($2.7 billion U$D).


For all those who want to go back Avengers & Darts and alll that that other nonsense: These results are why that modeling plans are not going to comeback as along as John Elkann is around regardless of who is the CEO.

PSA strong results to with 9.4% EBIT margins in mostly Europe.

Put those two together and you have one powerful OEM.

Time for the Call...........I will give an on the fly ''Play-By Play'' postings of the call! Busy and quite frankly stressful morning ...But living is all you can ask for!

 

[AlexB]

Time for Manley!

 

[AlexB]

$.3.9 billion generated by FCA IN Q4

 

[AlexB]

Manley states FCA repaid the line of credit drawn down during the Spring COVID-19 shutdowns.

 

[AlexB]

Manley stated 2020 tested FCA and Our people, and shown the greatness of our (FCA) people. Manley concluded with stating the Greatest contribution to Stellantis that FCA made is its Employees.

 

[AlexB]

Palmer going through the slides.

 

[AlexB]

Slides

 

[AlexB]

Carlos stated his is impressed delighted by Manley’s leadership. He praise the EBIT Margins of North America & the Employees in Michigan.

 

[AlexB]

Opel EBIT Margin is 4.1%.

 

[AlexB]

Carlos is putting the PSA results as prove of an “All Weather Company “.

 

[AlexB]

Carlos talking about meeting PSA climate goals and thanked the Unions for help.

 

[AlexB]

The former CFO of PSA going through the PSA slides.
The main interested thing stated was he said there’s significant financial improvement to be made at Opel/Vauxhall.

 

[AlexB]

Carlos praise the financial teams of of FCA & PSA, stating Palmer & PSA CFO help resolve many sensitive and otherwise emotional elements that are part of the histories of Stellantis that could have derail the merger.
Wonder what part of histories?

 

[Bili]

PSA strong results to with 9.4% EBIT margins in mostly Europe.

Hmh... It says 6.1% Adjusted Operating Income. Slide 19. Previous year it was 8.5%.

 

[AlexB]

Carlos talking about the in-house ACB Venture(Automotive Cells Company) and lockdowns.

 

[AlexB]

Hmh... It says 6.1% Adjusted Operating Income. Slide 19. Previous year it was 8.5%.

The second half....it does exclude restructuring charges(AKA Opel integration).

 

[AlexB]

Carlos state he wants Peugeot as the “reference brand” among European brands .

 

[AlexB]

Carlos praising the PSA-engineered Corsa & hyped its success.
He states Opel’s pipeline of “a new vehicle per year” will make the brand “ stella”.

Stella is better than a Generic Mess

 

[AlexB]

Carlos stated the review of China is underway and the Board Of Directors (John) is heavily involved.
He stated the Stellantis will stay in Chiba regardless of the ultimate decisions on strategy.

 

[AlexB]

Carlos us wrapping up....before moving to current day Stellantis.