Stellantis says its 2020 financial results for PSA and FCA show the newly-combined company making a “flying start” ahead of further details being released.

“These figures demonstrate the financial soundness of Stellantis, bringing together two strong and healthy companies,” said Stellantis CEO, Carlos Tavares.

“Stellantis gets off to a flying start and is fully focused on achieving the full promised synergies.”

PSA has reported 2020 net result group share at EUR2.2bn (US$2.7bn), with 7.1% automotive adjusted operating margin at EUR3.4bn.

FCA reported full-year net profit at break-even with adjusted net profit of EUR1.9bn.

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By GlobalData