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Stellantis Delivers Record Full Year 2022 Results; Global BEV Sales Up 41%

By: STELLANTIS N.V via GlobeNewswire

February 22, 2023 at 02:00 AM EST

Net revenues of €179.6 billion, up 18% compared to 2021 Pro Forma⁽¹⁾ reflecting strong net pricing, favorable vehicle mix and positive FX translation effects
Net profit of €16.8 billion, up 26%⁽¹⁾
Adjusted operating income⁽²⁾ up 29%⁽¹⁾ to €23.3 billion, with 13.0% margin, exceeds 2030 target of >12%; all segments contributing to both top and bottom line growth
Industrial free cash flows⁽³⁾ of €10.8 billion, up 78%⁽¹⁾, showing early progress toward 2030 objective of >€20 billion
Net cash synergies of €7.1 billion, more than two years ahead of €5.0 billion annual steady state target
Strong balance sheet, with Industrial available liquidity at €61.3 billion
No. 1 EU30 Commercial Vehicles BEV sales, No. 2 EU30 Overall BEV sales, No. 1 U.S. PHEV sales
First U.S. BEV, Ram ProMaster, arrives 2023
23 BEV nameplates now in market, 9 additional BEVs in 2023
€4.2 billion ordinary dividend corresponding to €1.34 per share to be paid, subject to shareholder approval
Board approved program to buyback company shares for a value of up to €1.5 billion, to be executed in the open market by end 2023

All financial comparisons are to FY 2021 Pro Forma⁽¹⁾

Attachment

Stellantis NV FY 2022 Press Release FINAL (2)

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