AMSTERDAM (HOLLAND) (ITALPRESS) – Net revenues of 156.9 billion euros, down 17% from 2023, with consolidated deliveries down 12% due to temporary gaps in product range and inventory reduction actions now completed. Net income of 5.5 billion euros, down 70%. Adjusted operating profit i 8.6 billion decreased 64% with an AOI margin of 5.5%. These are some of Stellantis’ numbers for FY2024. Industrial cash flow was negative €6 billion, reflecting the decline in profit and the temporary impact of working capital due to production adjustments. Total inventories as of Dec. 31, 2024 were down 18 percent or 268,000 units less than the previous year, including a 20 percent decline in U.S. dealer inventories to 304,000 units, exceeding the previously communicated target of 330,000 units. “Although 2024 was a year of strong contrasts for the Company, with results below our potential, we achieved important strategic milestones. In particular, we launched new multi-energy platforms and models, innovations that will continue in 2025; we started the production of batteries for electric vehicles through our joint ventures; and we operationalized our partnership with Leapmotor International,” comments John Elkann, chairman of Stellantis. “The people of Stellantis, full of talent and dedication, are working with energy and determination leaning toward the future, engaging key-stakeholders and bringing decision-making closer to the needs of our customers,” he adds. “We are firmly committed to gaining market share and improving financial performance during 2025. “In 2025, Stellantis will launch 10 new products,” the group discloses. “Artificial Intelligence is at the heart of Stellantis’ digital transformation, which is driving progress in a number of areas with top-tier partners,” it reads. “By leveraging artificial intelligence, Stellantis strengthens its commitment to developing innovative, data-driven solutions that improve its products and the experience of customers and employees. As an example, in early 2025 Stellantis partnered with Mistral AI to explore the development of an advanced vehicle assistant, one of many initiatives that integrate artificial intelligence into our cars and operational processes. “The process of appointing a new Chief Executive Officer is underway and will be completed by the first half of 2025. In the meantime, the Company is focused on execution,” Stellantis points out. “In the 90 days since the start of the leadership transition, and as the process of selecting the next CEO by the first half of 2025 continues, the Interim Executive Committee has taken swift and decisive actions to improve the Company’s performance and profitability,” the group continues.Stellantis “has also unveiled STLA AutoDrive 1.0, the first autonomous driving system developed in-house, offering Hands-Free and Eyes-Off (SAE Level 3) capabilities. STLA AutoDrive, together with STLA Brain and STLA SmartCockpit, will advance vehicle intelligence, automation and user experience. “Stellantis “plans to pay a dividend of 0.68 euros per common share, pending shareholder approval.”
– Stellantis press office photo –
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