Stellantis Employees Rewarded with €2B Bonus Worldwide
Stellantis today announced it will distribute a record amount of €2 billion this year recognizing the performance of employees worldwide, based on the Company’s 2022 financial results and achievements both globally and locally.
Stellantis achieved exemplary results in 2022, a year that challenged the global automotive industry with continuing supply chain constraints. The year also marked the launch of the Dare Forward 2030 strategic plan, which is transforming the Company into a sustainable mobility tech leader. With a “Care” pillar dedicated to employees, customers and the environment, the plan places Stellantis at the competitive forefront to offer cutting-edge freedom of mobility.
“Thanks to Stellantis’ record performance results achieved in 2022, we will be distributing more than €2 billion in profit-sharing and variable bonus to Stellantis employees across the world,” said Stellantis CEO Carlos Tavares. “It’s €200 million more than last year and it is a fair recognition of the contribution of all Stellantis employees to make Stellantis win in a very demanding economic context. When the Company does well, all employees do well – that’s what our pay-for-performance culture is all about.”
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Stellantis Delivers Record Full Year 2022 Results; Global BEV Sales Up 41%.
Stellantis N.V. posted record full year 2022 results with €16.8 billion Net profit and €23.3 billion Adjusted Operating Income (AOI), and demonstrated fast progress on Dare Forward 2030 as the Company gained momentum on electrification, software development and vertical integration at a pivotal time for the industry.
- 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
