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

Rhea-AI Summary

Stellantis NV reported a significant financial performance for FY 2022, with net revenues of €179.6 billion, an 18% increase from FY 2021 Pro Forma. The net profit reached €16.8 billion, up 26%, while adjusted operating income rose 29% to €23.3 billion with a 13.0% margin, surpassing their 2030 target of >12%. Industrial free cash flows increased by 78%, totaling €10.8 billion. The company also noted net cash synergies of €7.1 billion and plans for a €4.2 billion ordinary dividend and a €1.5 billion share buyback program. Stellantis continues leading in BEV sales in the EU and U.S.

Positive

• Net revenues reached €179.6 billion, up 18% from FY 2021 Pro Forma.
• Net profit climbed to €16.8 billion, a 26% increase.
• Adjusted operating income increased 29% to €23.3 billion, exceeding 2030 target.
• Industrial free cash flows rose 78%, reaching €10.8 billion.
• Net cash synergies of €7.1 billion, ahead of target.
• Strong liquidity with €61.3 billion available.
• Plans for €4.2 billion dividend corresponding to €1.34 per share.
• Share buyback program of up to €1.5 billion approved.

Negative

• None.

• 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)

FAQ

What were Stellantis NV's net revenues for FY 2022?

Stellantis NV reported net revenues of €179.6 billion for FY 2022.

How much did Stellantis NV's net profit increase in FY 2022?

Stellantis NV's net profit increased by 26% to €16.8 billion in FY 2022.

What is Stellantis NV's adjusted operating income for FY 2022?

The adjusted operating income for Stellantis NV in FY 2022 was €23.3 billion, a 29% increase.

What is the industrial free cash flow of Stellantis NV for FY 2022?

Stellantis NV reported industrial free cash flows of €10.8 billion for FY 2022, up 78%.

How much dividend did Stellantis NV plan to pay in 2023?

Stellantis NV plans to pay a €4.2 billion ordinary dividend, subject to shareholder approval.

What is the planned share buyback value for Stellantis NV?

Stellantis NV has approved a share buyback program valued at up to €1.5 billion.