Stellantis achieved net revenues of 189.5 billion euros in 2023, up 6% compared to 2022 and with a 7% increase in consolidated delivery volumes.
Sales of electric vehicles increased globally by 31% in 2023, those of low-emission vehicles by 27% in 2023. In the United States, Stellantis ranks first for hybrid vehicles and second for low-emission vehicles.
Stellantis launches a new share buyback program on the market for 2024 for an amount of 3 billion euros.
This was announced during the presentation of the 2023 results.
The company - it explains in a press release - intends to cancel the ordinary shares acquired through the share buyback program with the exception of a portion of up to 0.5 billion euros, which can be used for share-based compensation plans and employee share ownership plans.
The shares will be purchased in a period ending on December 31st on the NYSE, Euronext Milan, Euronext Paris.
To date, the company holds 142,090,297 ordinary shares equal to 3.52% of its capital made up of ordinary shares and special voting shares.
The opportunity to start the buyback program - explains Stellantis - derives from the significant generation of cash flows and the solidity of the company's balance sheet.
These factors enable the company to ensure adequate liquidity to manage a wide variety of economic and market environments, while facilitating an attractive return of capital for shareholders and supporting the expansion of employee ownership plans to multiple countries.
The ordinary share buyback program will be implemented based on the authorization granted by the shareholders' meeting of 13 April 2023, which may be renewed or extended, up to a maximum of 10% of the company's capital.
The residual portion of the authorization granted on April 13, 2023 is equal to approximately 181 million shares.
The purchase price for ordinary shares will not exceed an amount equal to 110% of the market price of the shares on the NYSE, Euronext Milan or Euronext Paris.
The market price will be calculated as the average of the highest price in each of the five trading days preceding the acquisition date, as indicated in the official list of the NYSE, Euronext Milan or Euronext Paris.
Stellantis achieved net revenues of 189.5 billion euros in 2023, up 6% compared to 2022 and with a 7% increase in consolidated delivery volumes.
Sales of electric vehicles increased globally by 31% in 2023, sales of low-emission vehicles by 27% in 2023.
In the United States, Stellantis ranks first for hybrid vehicles and second for low-emission vehicles.
Stellantis' Italian employees will have an average bonus of 2,112 euros, 10% more than last year (1,879 euros).
"The overall average bonus that Stellantis employees in Italy will receive is the positive result of the agreement signed last year with the signatory unions and recognizes the contribution of the entire Italian workforce in relation to the company's results and the quality of the social dialogue with the unions", comments CEO Carlos Tavares who recalls the 11% salary increase in 2 years (6.5% in 2023, then 4.5% in January 2024) and the 600 euros received by workers as a special bonus for the 2023 agreements.
The employees of Stellantis in Italy, to which the specific collective labor agreement (Ccsl) is applied, will receive the award in April.
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 result and the achievement of some specific local indicators, to which will also be added this year an extraordinary recognition to employees around the world, announced today by CEO Carlos Tavares, linked to the 2023 financial results achieved by the company both globally and locally.
Employees to whom the CCSL is applied will be paid a bonus equal to 7.2% of their salary, which corresponds on average to 1,812 euros gross, to which will be added the extraordinary payment of 300 euros gross, which will lead to an overall payment equal to 8. 5%.
The values of the bonus foreseen by the CCSLE of extraordinary recognition were communicated today to the trade unions.
The 2023 overall bonus - underlines Stellantis - recognizes all employees in Italy's participation in company results, measured with the indicators introduced by the renewal of the contract which took place last year, in the "profit sharing" logic adopted by Stellantis.
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