Home » Stellantis, “record results” in 2023: profit reaches 18.6 billion

Stellantis, “record results” in 2023: profit reaches 18.6 billion

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Stellantis, “record results” in 2023: profit reaches 18.6 billion

MILANO – Stellantis achieved “record results” in 2023. The net profit of the automotive group born on the FCA-Peugeot axis increased by 11% to 18.6 billion euros, the adjusted operating result increased by 1% to 24.3 billion euros, with a margin on revenues of 12.8%.

The first line of the budget, that of net revenues, grew by 6% to 189.5 billion, while vehicle deliveries rose by 7%. Sales of electric vehicles increased globally by 31% in 2023, those of low-emission vehicles by 27% in 2023.

In the United States, Stellantis claims first place for hybrid vehicles and second place for low-emission vehicles.

“We have recently passed the milestone of three years since the birth of Stellantis and I would like to warmly thank all the teams who, operating with high standards of excellence, are contributing significantly to our growth path, despite the adversities of the moment”, is the comment that the ceo Carlos Tavares he entrusted to a note. “The record results announced today are proof that we have become a new global leader in the sector and that we will continue to be solid even in anticipation of a turbulent 2024″. And again: “Thanks to the flexibility of our technologies and the roadmap established in terms of product we are ready to face the various scenarios that could arise, continuing to achieve the objectives of the Dare Forward 2030 strategic plan” he adds.

The group – whose main shareholder is Exor, the holding of the Agnelli-Elkann family which controls the publisher of RepublicGedi – explains that last year it distributed 6.6 billion euros to shareholders in the form of dividends and share buybacks, an increase of 53% compared to 4.3 billion euros in 2022.

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The dividend that will be proposed is 1.55 euros per ordinary share, approximately 16% more than the previous year. Furthermore, in 2024 the group will implement a share buyback program for 3 billion euros, which includes 0.5 billion for shares to be allocated to share-based remuneration plans and the purchase of shares by employees.

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