Stellantis Reports Net revenues of €47.2 billion in Q1 2023
Stellantis continues to energize its drive to deliver clean, safe and affordable mobility around the world and meet the challenging commitments of the Dare Forward 2030 strategic plan, reporting a 14% year-over-year increase in Q1 2023 Net revenues with all segments contributing positively.
Global battery electric vehicle (BEV) sales increased 22% year-over-year. There are 9 additional BEVs to be launched in 2023, and total BEV offerings to reach 47 by the end of 2024.
The electrification offensive in North America is fast approaching, highlighted by the unveil of the all-new, all-electric Ram 1500 REV at the New York International Auto Show. The Jeep® Avenger, the brand’s first-ever BEV, was named “2023 European Car of the Year” and it was also recognized as “World’s Best Family SUV in 2023” by the Women’s World Car of the Year Awards.
Net revenues of €47.2 billion, up 14% compared to Q1 2022 mainly due to higher shipments and strong net pricing
Consolidated shipments(1) of 1,476 thousand units, up 7% primarily due to improvement in semiconductor order fulfillment versus Q1 2022
Total new vehicle inventory of 1,302 thousand units at March 31, 2023, reflecting a return to normal inventory levels; includes Company inventory of 384 thousand units
Ordinary dividend of €1.34 per share approved at AGM to be paid to shareholders on May 4, 2023
€1.5 billion stock buyback initiated, first €500 million tranche expected to be completed in June 2023
Global BEV sales increased 22% versus Q1 2022; ongoing global focus with 9 new BEVs launching in 2023
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