(News Bulletin 247) – Stellantis today announced its results for the first quarter of 2023. The group posted net sales of 47.2 billion euros, up 14% compared to the first quarter of 2022, mainly linked to higher sales volume and higher net prices.

Consolidated sales amounted to 1,476,000 units, up 7%, mainly thanks to a better supply of semiconductors compared to the first quarter of 2022.

Global electric vehicle (BEV) sales are up 22%. This global deployment will continue with the launch of nine new BEVs in 2023.

Stellantis Announces Total New Vehicle Inventory of 1,302,000 Units as of March 31, Reflecting a Return to Normal Inventory Levels; including the stock of 384 thousand units owned.

The group announces an ordinary dividend of 1.34 E per share, paid to shareholders on May 4, 2023 and continues the launch of a share buyback of 1.5 billion euros, with a first tranche of 500 million euros which will be finalized at the end of June 2023.

“Our global presence and diversified product portfolio will enable us to continue to deliver strong financial performance throughout the year,” said Richard Palmer, Chief Financial Officer.

Going forward, Stellantis is focused on executing the three pillars defined in its Dare Forward 2030 strategic plan: Reaffirming its commitment to gender parity in the world, maintaining its transformation towards electrification, developing its value by notably supporting growth in the Middle East and Africa region.

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