Stellantis posts strong growth and sets new records in net revenues, aoi(1) and net profit in the first half of 2023
Stellantis posts strong growth and sets new records in net revenues, aoi (1) and net profit in the first half of 2023 net revenues of €98.4 billion, up 12% compared to h1 2022 primarily due to higher shipments adjusted operating income (1) of €14.1 billion, up 11% compared to h1 2022 (*) , with strong 14.4% margin net profit of €10.9 billion, up 37% compared to h1 2022 industrial free cash flows (2) of €8.7 billion, up €3.3 billion compared to h1 2022 record results enable continued strategic investments to drive a sustainable road to carbon net zero transformation global bev and lev sales up 24% y-o-y to 169 thousand units and up 28% y-o-y to 315 thousand units, respectively stellantis ranked third in eu30 overall bev sales ; second in the u.s. market for lev sales (3) the company repurchased €0.7 billion in shares in the first half of 2023, and expects to complete the announced €1.5 billion share buyback program before the end of 2023 (*) share of the profit of equity method investees is included in our operating income and adjusted operating income ( 1 ) effective january 1, 2023. comparatives for h1 2022 have been adjusted accordingly.
STLA Ratings Summary
STLA Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission