Ford lost ground after trading yesterday on Wall Street, following its financial publication. The group is indeed suffering from persistent supply problems in the face, in particular, of the shortage of automobile 'chips'. However, the group is confident for the 2022 financial year, after ending the closed financial year with a cash level of 36 billion dollars. For its fourth fiscal quarter of 2021, the American automaker posted a net profit of 12.3 billion dollars, against 2.8 billion losses a year before. Adjusted EBITDA was 2 billion, against 1.7 billion a year earlier. Over the year, Ford posted an operating profit of $10 billion and a margin of 7.3%. Net profit for the year totaled 17.9 billion.
Ford wants to accelerate its transition to electricity. The group figures at 275,000 orders for F-150 Lightning, Transit, and Mustang Mach-E. It intends to double its production capacity to 600,000 vehicles per year by 2023 in the electric segment. For the 2022 financial year, management anticipates EBITDA growth of 15% to 25%, as well as a pre-tax margin of 8%, a year earlier than expected. Despite the relative disappointment of the fourth quarter, explained by supply chain concerns, the manufacturer is therefore confident in its prospects. Pre-tax profit is expected to be between 11.5 and 12.5 billion this year, despite rising costs of steel and other raw materials expected to be between 1.5 and 2 billion.