27 July 2023
27 July 2023, Comments Comments Off on Stellantis posts rises in revenue and profits in first half 2023 results
Stellantis posts rises in revenue and profits in first half 2023 results

Stellantis has reported strong growth and record net revenues and profit in the first half of 2023.

Net revenues of €98.4 billion were up 12% compared to H1 2022 primarily due to higher shipments, while adjusted operating income of €14.1 billion was up 11% compared to H1 2022, with a strong 14.4% margin.

These record results will enable Stellantis to continue with its strategic investments to drive its sustainable road to Carbon Net Zero transformation.

Global BEV and LEV sales were up 24% year-on-year to 169,000 units and up 28% year-on-year to 315,000 units, respectively.

Carlos Tavares, CEO of Stellantis commented: “Our outstanding performance in the first half of this year supports our long-term sustainability and our ability to achieve the bold ambitions of our Dare Forward 2030 plan. It takes a united effort and open mindset across all our employees to embark on our no-compromise transformation journey while protecting the Company from external challenges. I want to express my gratitude to each and every employee and I am proud to say that the teams are delivering across multiple dimensions. We are well-positioned for the remainder of 2023 and beyond.”

Stellantis N.V. is one of the world’s leading automakers with brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. For more information, visit www.stellantis.com