Stellantis sees full-year impact of U.S. tariffs of 1-1.5 bln euros
July 21 (Reuters) - Stellantis Chief Financial Officer Doug Ostermann tells analysts:
FOREX HEADWINDS WEIGHED FOR JUST BELOW 1 BILLION EUROS ON H1 RESULTS
MORE IMPACT FROM U.S. TARIFFS EXPECTED IN H2
WE HAD IMPAIRMENT OF AROUND 700 MILLION EUROS IN H1 ACROSS TWO NON CASH ITEMS, MAJORITY OF THEM RELATED TO IMPAIRMENTS ON CERTAIN MASERATI PLATFORMS
RAMP UP OF CERTAIN NEW PRODUCTS HAS BEEN RELATIVELY SLOWER THAN EXPECTED
WE EXPECT FULL-YEAR IMPACT OF US TARIFFS OF BETWEEN 1-1.5 BILLION EUROS
ON CASH FRONT I THINK WE'RE IN PRETTY GOOD SHAPE
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