AMSTERDAM – Stellantis NV has published record results for the year 2023, with net sales up 6% to 189.5 billion euros compared to the previous fiscal year. Net profit rose 11% to 18.6 billion euros and industrial free cash flow was up 19% to 12.9 billion euros compared to the previous fiscal year. Global sales of electric vehicles (BEV) increased 21% and sales of electrified vehicles (LEV) increased 27% compared to the previous fiscal year, with plug-in hybrids (PHEV) leading the way in the United States.(3) and the second location for LEV in the United States(3). The results are in line with the objectives of the Der Forward 2030 plan and are supported by the following concrete measures:
Commitment: Stellantis continues its ambition to achieve carbon neutrality by 2038(4). In 2023, Stellantis reduced its total tCO emissions by 20%2 on scopes 1 and 2 compared to the reference year 2021. The continued focus on the customer has enabled Stellantis to reduce the number of defects in its vehicles by more than 40% three months after delivery to the end customer compared to 2021. As part of the implementation of the circular consumption model, the company opened its first circular economy hub in Italy with the creation of a center of excellence aimed at industrializing the recovery and sustainable reuse of materials. The sales volume has increased by 18% compared to the previous financial year. The company has implemented an employee shareholding plan called “Share to Win” in Italy and France, and plans to expand it to other countries in 2024. In addition, more than 600 collective agreements have been signed, covering approximately 90% of Stallantis employees worldwide. . The Stellantis Student Awards recognized more than 600 family members of collaborators for their commitment to education and continuing education, and the Stellantis Foundation partnered with CERN to inaugurate the Science Gateway in Geneva, a new center dedicated to scientific education.
Tech: To support the company’s growth in the global market as well as its electrification strategy in North America, 18 additional BEVs will be marketed in 2024 to reach a total of 48 electric models by the end of 2024. The all-new Citroën ë-C3 will debut. At €23,300, that makes it the most competitive electric car produced in the B segment in Europe, while the Jeep® The Avenger, crowned European Car of the Year 2023, continues to collect awards. With the Peugeot E-3008, Stellantis launched the STLA medium platform, the first of its four new platforms designed for BEVs, offering the best autonomy in its range (up to 700 kilometers). The second platform, STLA Large, which is scheduled to be launched in 2024, will offer a range of 800 kilometers and will be designed to exceed customer expectations. The STLA Large is a highly flexible original BEV platform that will serve as the basis for several upcoming D and E segment vehicles. It will be capable of supporting a variety of propulsion systems, including hybrid and internal combustion systems. Stellantis has secured its raw material supply until 2027, and has signed an agreement with CATL for the supply of LFP battery cells and modules, thus completing its portfolio of battery chemistries. Stellantis and Ample have partnered on battery swapping technology for a fully charged car in less than five minutes. Stellentis joined Symbio and other joint venture shareholders for the inauguration of Symphonie, France’s first gigafactory and the largest integrated hydrogen fuel cell production site in Europe. Stellantis is implementing a multi-pronged strategy to secure semiconductor supply and stimulate innovation. SiliconAuto, a similar joint venture between Stellantis and Foxconn, will produce chips from 2026 for a new generation of platforms dedicated to the automotive industry. In 2023, Stallantis Ventures invested in six new startups and Stallantis signed 49 commercial contracts with startups.
Value: Flexibility, implementation, resilience and agility are essential components of the Stellantis philosophy. With numerous technologies and new models announced, the company is well positioned to profitably respond to customer expectations, market fluctuations and political upheaval. Stellantis shows continued growth outside Greater Europe and North America with ‘third engine’(5)
In which there was an increase of 13% in its net turnover. In China, Stellantis invested €1.4 billion in Leapmotor, an OEM in the New Energy Vehicles (NEV) sector, and now owns about 21% of its capital. The investment allows the new Leapmotor International joint venture managed by Stellantis to play a key role in supporting Leapmotor’s promising growth in China while contributing to Leapmotor’s international expansion strategy. Stellentis thus fills a gap in its business model and can now benefit from Leapmotor’s competitiveness in China and other countries. Stellantis Pro One Commercial Vehicles business unit is the market leader in the EU30 and South America and the undisputed leader in electric vehicle sales in the EU30 with a 38.8% market share for BEVs. The business unit aims to be the world’s first by 2027, with an expanded and fully renewed range consisting of internal combustion vehicles, electric vehicles, hydrogen fuel cell models and systems to enhance vehicle autonomy. Mobilites, the DaaS (Data as a Service) arm of Stellantis, has created innovative solutions and secured several strategic contracts thanks to its tailor-made data packs and its data streaming offerings.Objectives and Prospects: Based on 2023 momentum, management has noted a number of factors likely to create a favorable backdrop for 2024, including logistics and supply challenges, stabilization and potential decline in interest rates, and profits generated by the company’s planned product range expansion. The group renews its commitment to achieve a minimum double-digit current operating margin by 2024 as well as positive industrial free cash flow despite macroeconomic uncertainties.
Subject to shareholder approval, Stellantis proposes to pay an ordinary dividend of €1.55 per share, an increase of 16% compared to the previous year, and the planned schedule for the NYSE, Euronext Milan and Euronext Paris will be as follows: (i) platoon date April 22, 2024, (ii) registration date April 23, 2024 and (iii) payment date May 3, 2024. Stellantis will also implement a €3.0 billion market share repurchase program for 2024, with €0.5 billion of shares repurchased under share-based compensation and employee shareholding in 2024.
A live webcast and conference call is scheduled for February 15, 2024 at 2:00 pm CET / 8:00 am EST to present Stellantis’ results for the full fiscal year 2023. The webcast and replay will be accessible in the ‘Finance’ section. From the Stellantis website www.stellantis.com. The relevant presentation documents are expected to be published again on February 15, 2024 around 07:30 CET / 01:30 EST in the ‘Finance’ section of the Stellantis website.
Upcoming Events:
Full version of press release for download vs
About Stellantis
Stellantis NV (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automobile manufacturers, dedicated to providing clean, safe and affordable freedom of mobility for all. The group is known for its unique portfolio of iconic and avant-garde brands: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is today implementing its Bold Dare Forward 2030 strategic plan, to become a mobility ‘tech company’ and achieve carbon neutrality by 2038, with a return percentage for residual emissions in a single figure, creating added value for all stakeholders. To learn more, www.stellantis.com
This is a new record that scientists from the Korea Fusion Energy Institute (KFE) have…
Damages associated with drought, floods, hail and other increasingly violent events are expected to increase…
An estimated 9 million people in the United States are still waiting for their final…
The death of seven humanitarian workers from the American NGO World Central Kitchen in an…
Today, at one o'clock in the morning, Gamer updates it Boutique de Fortnite Through the…
The Basic Instinct and Casino actress looks back at a time in Hollywood when adapting…