Stellantis Full-Year Report 2023

Stellantis N.V. reported record full year 2023 results.

Highlights

• Net revenues of €189.5 billion, up 6% compared to 2022, with consolidated shipment volumes increasing 7%
• Net profit grew 11% to €18.6 billion. Adjusted operating income⁽¹⁾ rose 1% to €24.3 billion, with AOI margin of 12.8%
• Industrial free cash flows⁽²⁾ of €12.9 billion, an increase of 19% compared to 2022
• Strong balance sheet, with Industrial available liquidity at €61.1 billion
• LEV sales up 27% in 2023, with PHEVs at #1 in U.S. and #2 for LEVs in U.S.⁽³⁾; 21% increase in global BEV sales in 2023
• Returned €6.6 billion in cash to shareholders in 2023 through dividends and share buybacks, an increase of 53% compared to €4.3 billion in 2022
• Dividend proposed of €1.55 per common share, an increase of approximately 16% compared to prior year, pending shareholder approval
• Announcing 2024 open market share buyback program of €3.0 billion