To say 2022 was a very good yr for Stellantis can be fairly an understatement because the automotive conglomerate achieved report outcomes regardless of a difficult setting. Web revenues jumped by 18 p.c to €179.6 billion whereas the web revenue was up by a formidable 26 p.c to €16.8 billion. Workers will get a slice of the earnings as the corporate introduced in the present day plans to distribute in extra of €2 billion in profit-sharing and variable bonuses.
It’s the best profit-sharing bonus ever provided by the corporate, surpassing final yr’s quantity by a substantial €200 million. Stellantis, which operates no fewer than 16 manufacturers internationally, may even distribute €4.2 billion in dividends, which equates to €1.34 per share. The monetary numbers definitely look wholesome, together with obtainable liquidity of €61.3 billion. By the tip of the yr, the corporate will launch a share buyback program value as much as €1.5 billion.
As to what Stellantis has deliberate for 2023, it intends to launch a totally electrical Ram ProMaster and eight different EVs to affix the present 23 fashions that get rid of a combustion engine. By late subsequent yr, the electrical lineup will embody 47 automobiles, with the quantity to develop to over 75 by the tip of the last decade.
In the meantime, the automotive large ensuing from the merger between PSA Peugeot Citroën and Fiat Chrysler Vehicles (FCA) is completely satisfied to report it’s first in EU30 industrial automobiles BEV gross sales and second in EU30 for general BEV gross sales. On the similar time, it is #1 in the US for plug-in hybrid gross sales.
Talking concerning the report profit-sharing bonus, Stellantis CEO Carlos Tavares stated: “It’s a truthful recognition of the contribution of all Stellantis workers to make Stellantis win in a really demanding financial context. When the corporate does nicely, all workers do nicely – that is what our pay-for-performance tradition is all about.”
