Stellantis closed 2023 with 'record results'.
Net revenues amounted to 189.5 billion euros, up 6% compared to 2022, with a 7% increase in consolidated delivery volumes. Net profit was up 11% to 18.6 billion euros, adjusted operating profit increased by 1% to 24.3 billion euros, with a margin on revenues of 12.8%.
The net industrial cash flow of 12.9 billion euros, up 19% compared to 2022 and the solid balance sheet situation, with available industrial liquidity of 61.1 billion euros.
Sales of low-emission vehicles are expected to increase by 27% in 2023. Global sales of electric vehicles are expected to increase by 21%.
In the United States Stellantis is first place for hybrid vehicles and second for low-emission vehicles.
The proposed dividend is 1.55 euros per ordinary share, approximately 16% more than the previous year, pending the approval of the shareholders.
In 2023, 6.6 billion euros were distributed to shareholders in the form of dividends and share buybacks, an increase of 53% compared to 4.3 billion euros in 2022. A share buyback program was announced on market for 2024 for an amount of 3 billion euros.
"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" comments Carlos Tavares, CEO of Stellantis.
"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.
Reproduction reserved © Copyright ANSA