Home » STELLANTIS Record results in 2023: revenues grew by 6%. Economic rewards ready for employees all over the world – Companies

STELLANTIS Record results in 2023: revenues grew by 6%. Economic rewards ready for employees all over the world – Companies

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STELLANTIS Record results in 2023: revenues grew by 6%.  Economic rewards ready for employees all over the world – Companies

Stellantis NV today reported record results for fiscal 2023. Net revenues grew by 6% year-on-year to 189.5 billion euros. Net profit increased by 11% to 18.6 billion euros. Net industrial cash flow increased by 19% year-on-year to €12.9 billion. Global BEV sales increased by 21% and LEV sales by 27%.

For the occasion, Stellantis announced that this year it will distribute almost 1.9 billion euros to employees around the world in recognition of their performance and their contribution to the results and financial goals achieved by the Company in 2023, both globally and locally. Since its formation just over three years ago, Stellantis has distributed €6 billion to employees around the world.

Specifically, the bonus that Stellantis employees in Italy, to whom the Specific Collective Labor Agreement (CCSL) is applied, will receive in April amounts to an overall average value of 2112 euros, linked to the reference contractual salary. The overall figure includes the performance bonus envisaged by the 2023-2026 collective labor agreement applied in Italy, linked to the profitability objectives of the Enlarged Europe Region, measured by the Adjusted Operating Income (AOI)% and the achievement of some specific local indicators, which will also be added this year to an extraordinary recognition to employees around the world, announced by CEO Carlos Tavares, linked to the 2023 financial results achieved by the Company at both a global and local level.

Finally, the Board of Directors of Stellantis approved a share buyback program of up to 3 billion euros (total purchase price excluding ancillary costs), to be executed on the market.

The Company intends to cancel the common shares acquired through the share repurchase program except for a portion of them, up to €0.5 billion, which may be used for stock-based compensation plans and employee stock ownership plans. The shares will be purchased during a period ending December 31, 2024 on the NYSE / Euronext Milan / Euronext Paris / other multilateral trading facilities.

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Stellantis also announced that the Company’s Board of Directors intends to propose Claudia Parzani as an independent non-executive director of Stellantis at the next Annual General Meeting of Shareholders (“AGM”) in 2024.

Claudia will be put forward for appointment as an Independent Non-Executive Director and will succeed Kevin Scott, a Director of Stellantis appointed on 4 January 2021 for a four-year term commencing on 17 January 2021. Kevin’s resignation for personal reasons will take effect at the close of the 2024 AGM .

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