Maserati could be a stand-alone brand in the future if it can become sustainably profitable, Stellantis Chief Financial Officer Richard Palmer said, adding that no decision has been made.
In recent years, a number of Maserati’s high-end competitors have been spun off from their parent companies as separate listings, including Ferrari (from Fiat) at the end of 2015 and Porsche (from Volkswagen Group) at the end of September. Aston Martin went public in 2018.
VW Group has also asked several of its separate brands to model what they would look like as public companies. Other recent market debuts include Geely and Volvo’s Polestar brand.
But the record is mixed for these new entrants. As of Thursday, Ferrari’s market capitalization nearly equalled that of Stellantis; Porsche’s share price has largely held value despite a larger market selloff. Aston Martin and Polestar, however, have struggled.
Maserati’s performance as part of Fiat Chrysler Automobiles ahead of the merger with PSA Group that created Stellantis was uneven, with ever-shifting product plans and sales forecasts that failed to pan out.
The brand has fared better under Stellantis, which was formed at the end of January 2021. Global sales rose by 41 percent in 2021 to 24,300 units.
Maserati revenue was up 47 percent in 2021 to more than 2 billion euros. Adjusted operating profit was 103 million euros compared with a loss of 91 million euros in 2020. Operating margin was 5.1 percent – and 6.5 percent in the second half after the MC20 supercar entered the market.
Third quarter revenues this year were up 23 percent this year over 2021, Stellantis announced Thursday. Shipments rose by 14 percent.