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Strong Q1 2021 Net revenues , with growth in all regions Net revenues of € 34.3 billion , or € 37.0 billion on a pro forma basis ( ¹ ) Consolidated shipments of 1,477 thousand units , or 1,567 thousand units on a pro forma basis ( ¹ ) up 11 % Market leadership ( 2 ) in Europe 30 ) , with market share improved by 150 bps to 23.6 % , and South America , with market share up 530 bps to 22.2 % up 14 % Extraordinary distribution to shareholders of € 0.32 / share paid on April 28 ● STELLANTIS IS " In our first quarter since the Merger , Stellantis posted strong Q1 2021 revenues with the diverse brand portfolio driving increased volumes , positive pricing and improved product mix , despite the headwinds from the global semiconductor crisis . " - Richard Palmer , Stellantis CFO 2021 FIRST QUARTER RESULTS FROM CONTINUING OPERATIONS Combined shipments ( 000 units ) Consolidated shipments ( 000 units ) Net revenues ( € billion ) Q1 2021 1,526 1,477 € 34.3 Q1 2020 626 620 € 11.9 Q1 2021 Pro Forma ( ¹ ) 1,618 1,567 € 37.0 Q1 2020 Pro Forma ( ¹ ) Consolidated shipments ) of 1,567 thousand on a pro forma basis , up 11 % , reflecting strong consumer demand and retail mix , as well as the impact of COVID - related temporary production suspensions in Q1 2020 , partially offset by Q1 2021 production losses due to semiconductor shortages , representing a loss of ~ 11 % of planned production , or ~ 190 thousand units , in the quarter . Limited visibility of full year semiconductor shortage impact , but expected that Q2 2021 will be worse than Q1 2021 , with some improvement in H2 2021. Combined shipments ) of 1,618 thousand on a pro forma basis ( ¹ ) , up 12 % . 1,444 1,417 € 32.4 Stellantis Q1 2021 Net revenues of € 37.0 billion on a pro forma basis , compared to € 32.4 billion in Q1 2020 on a pro forma basis ) , primarily due to higher overall volumes , positive net pricing , improved market mix , mainly in North America and Enlarged Europe , as well as favorable vehicle mix , partially offset by negative foreign exchange translation effects . Financial Calendar : Electrification Day - July 8 , 2021 H12021 - Full Financial Results - August 3 , 2021 Q1 2021 Pro Forma VS. Q1 2020 Pro Forma + 12 % + 11 % + 14 % Commercial launch of all - new Opel Mokka began in March 2021 to European consumers , representing a return to the market after being discontinued in 2019. All - new Grand Wagoneer / Wagoneer and next generation Jeep Grand Cherokee production launches remain on track for late Q2 2021 and Q3 2021 , respectively . All - new Grand Cherokee L ( 3 - row ) production commenced , with commercial launch in late Q2 2021 . Total inventory of 1,234 thousand units at the end of March 2021 , including independent dealers inventory , compared to 1,256 thousand units at the end of December 2020 ( 5 ) . Dealer inventories down in all regions from year end , primarily due to the semiconductor shortage . Refer to page 4 for an explanation of the items referenced on this page . 2021 Industry Outlook for Group's key regions unchanged , with North America + 8 % , South America + 20 % and Enlarged Europe + 10 % . Middle East & Africa + 15 % , up from 3 % previously , India & Asia Pacific + 10 % , up from 3 % previously , and China + 5 % , unchanged . 2021 Guidance confirmed : Adjusted Operating Income Margin of 5.5 - 7.5 % ; assumes no significant COVID - 19 related lockdowns . 1 Basis of preparation : “ Q1 2021 ” and “ Q12020 " represent results as reportable under IFRS , which include FCA from January 17 , 2021 , following the closure of the Merger ; " Q1 2021 Pro Forma " and " Q12020 Pro Forma " are presented as if the Merger had occurred January 1 , 2020. Refer to the section " Notes " for additional detail . Reference should be made to the section " Safe Harbor Statement " included elsewhere within this document .