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Stellantis Pro One solidifies its market leadership in the Middle East & Africa, Europe, and South America regions, achieving a record 26% market share in the Middle East & Africa. The commercial vehicles offensive drives one-third of Stellantis' net revenues. Pro One aims for global leadership by 2027, while maintaining No. 1 positions in EU30 and South America. With a strategic plan in place, Stellantis Pro One is on track to achieve its Dare Forward 2030 targets.
Stellantis N.V. completed the First Tranche of its 2024 Share Buyback Program, purchasing a total of 41,094,781 common shares for €999,999,995. The company repurchased shares at various prices between April 26-29, 2024, totaling €97,909,026.26. As of April 29, 2024, Stellantis held 183,185,078 common shares, representing 4.54% of the total issued share capital.
Stellantis reported Q1 2024 net revenues of €41.7 billion, down 12% from Q1 2023 due to various factors but offset by firm net pricing. Consolidated shipments were 1,335 thousand units, down 10%, with a focus on new product wave preparation. Global BEV and LEV sales increased, with an ordinary dividend increase of 16%. The company confirmed its FY 2024 guidance and highlighted key achievements, partnerships, and strategic investments. Stellantis remains committed to its Dare Forward 2030 plan and upcoming events include an Investor Day in June.
Stellantis N.V. provided an update on the First Tranche of its 2024 Share Buyback Program, showcasing a detailed breakdown of shares repurchased, average prices, and total volume. The company revealed a total of 14,569,030 common shares repurchased between April 19-25, 2024, amounting to €338,327,078.56. With a cumulative purchase of 36,868,256 shares since February 28, 2024, totaling €902,090,968.76, Stellantis aims to enhance shareholder value through strategic buyback initiatives.
