Stellantis presented today “Dare Forward 2030”, The new strategic plan to 2030, in which the company is committed to becoming the industry champion in the fight against climate change. The group’s goal is in fact to achieve the zero carbon emissions by 2038providing for a 50% reduction by 2030. To achieve this important milestone, the group led by Carlos Tavares indicates that by the end of the decade, 100% of sales in Europe and 50% of sales in the United States will consist of battery electric vehicles (BEVs). In this regard, just today Stellantis presented the first fully electric SUV of the Jeep brand which will be on the market in early 2023, as well as a preview of the new Ram 1500 BEV pickup arriving in 2024. Stellantis expects to have more than 75 BEV models by 2030 and to achieve global annual BEV sales. of five million vehicles by 2030.
Among the financial targets of the new strategic plan, the group indicates the achievement of 100% of the objective of 5 billion euros of annual cash synergies by the end of 2024 and the goal of generating more than € 20 billion in industrial free cash flows in 2030. On the revenue side, the group expects to double net revenues to 300 billion euros by 2030 and support double-digit adjusted operating income (AOI) margins throughout the plan period.
Finally, Stellantis estimates a dividend distribution ratio of 25-30% until 2025as well as the repurchase of up to 5% of the ordinary shares in circulation.
As he comments Carlos Tavares presenting the new plan; “Dare Forward 2030 inspires us to become much more than we have ever been. We are expanding our vision, pushing boundaries and embracing a new mindset, which seeks to transform all aspects of mobility for the betterment of our families, communities and societies in which we operate.
Meanwhile, Stellantis is down by 2.87%, thus finding itself at € 15.90 per share.