Milan, Feb. 26 (LaPresse) – Stellantis announced today its 2024 financial results. Net revenues amounted to €156.9 billion, down 17% compared to €189.54 billion in 2023, “with consolidated deliveries decreasing by 12% due to temporary product range gaps and completed stock reduction actions,” the company highlighted. Net profit stood at €5.5 billion, a 70% decline from €18.62 billion in 2023. The adjusted operating profit of €8.6 billion decreased by 64%, with an AOI margin of 5.5%. Industrial free cash flow was negative at €6 billion, reflecting "the decline in profit and the temporary impact of working capital adjustments due to production adjustments."
"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 platforms and multi-energy models, innovations that will continue in 2025," said Stellantis Chairman John Elkann.
The company also communicated its 2025 financial guidance, which forecasts ‘positive’ net revenue growth, a ‘mid-single-digit’ AOI margin, and ‘positive’ cash generation, reflecting "both the early stages of the commercial recovery and the high uncertainties of the sector."
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