Gross sales at Stellantis rose 29 % within the third quarter, helped by increased volumes amid higher semiconductor provides, the world’s fourth-largest carmaker mentioned Thursday.

However whereas the semiconductor crunch was easing, different provide chain points have been looming on Stellantis’ operations, particularly round logistics in Europe.

Web revenues amounted to 42.1 billion euros ($41.3 billion) within the July-September interval, topping analyst expectations of 40.9 billion euros, in accordance with a Reuters ballot.

Robust pricing and favorable foreign exchange additionally supported income development, the corporate added.

Consolidated shipments rose 13 % within the quarter to 1.28 million items, Stellantis mentioned, additionally confirming its forecast for a double-digit margin on adjusted working revenue and constructive industrial free money move this yr.

The group’s world gross sales of battery-electric automobiles (BEV) rose 42 % year-on-year to 68,000 items.

Logistics points precipitated a rise within the group’s automobile stock inventory, whereas total seller gross sales to remaining prospects have been down 4 % within the quarter.

Chief Monetary Officer Richard Palmer mentioned the entire business was going through a shortage of vans and drivers, which was making it troublesome for Stellantis to “convert our robust order portfolio into gross sales in Europe.”

Palmer added the corporate was at present seeing “no crimson gentle flashing” on potential power constraints affecting its provide chain and that the extent of concern was now comparatively decrease in contrast to some months in the past, as “everyone seems to be taking actions.”

“If the winter is regular … then I feel we’re fairly assured that we will handle manufacturing with none vital interruptions,” Palmer mentioned.

“However the danger is that we now have a really intensive provide chain and small hiccups in suppliers can create massive complexities for us by way of the completion of automobiles.”