Magna International Inc. (NYSE:MGA) Q2 2023 Earnings Call Transcript August 4, 2023 Operator: Greetings and welcome to the Q2 2023 results conference call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question and answer session. At that time, if you have a question, please press the one […]
PIRELLI: 1H REVENUES +7.5%, NET PROFIT +4.1% TO 242.6 MILLION EUROPRICE/MIX AT 12.5% THANKS TO PRICE INCREASES AND IMPROVED MIXADJUSTED EBIT: +7.4% TO 517.4 MILLION, WITH MARGIN AT 15.1%IN SECOND QUARTER ADJUSTED EBIT MARGIN ROSE TO 15.5% AND NET CASH FLOW BEFORE DIVIDENDS POSITIVE 156.5 MILLION EURO First half 2023- Revenues: 3,437.5 million .
MILAN (Reuters) -Revenue and operating profit grew at Stellantis in the first half to beat estimates, with CEO Carlos Tavares saying the automaker would have to accelerate cost cutting to keep profitability strong in a more challenging pricing environment. The world's third largest automaker by sales said on Wednesday its January-June adjusted earnings before interest and tax (EBIT) rose 11% to 14.1 billion euros ($15.6 billion), topping the 12.1 billion expected by analysts in a Reuters poll. New CFO Natalie Knight, who took the job this month, said pricing power was still the main driver for the results of the group whose brands include Fiat, Peugeot, Alfa Romeo, Ram and Jeep.
The consolidated net profit for the quarter ending June 30 stood at Rs 693 crore, missing analyst expectations amid challenging macroeconomic conditions and spending cuts by clients.