STLA
Stellantis NV
Q4 2024 Report
Stellantis NV (STLA) Q4 2024 Financial Results: Navigating Challenges Towards Future Growth...
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Executive Summary
In Q3 2023, Stellantis NV delivered robust financial results with a revenue increase of 7% YoY, reaching EUR 45 billion supported by an 11% increase in shipments year-over-year, totaling 1.4 million units. The company demonstrated strong pricing management, successfully offsetting challenges such as labor disputes in North America, which impacted production and resulted in a EUR 3 billion revenue hit. As Stellantis navigates through ongoing industry challenges, it strategizes to enhance its market position through its Dare Forward 2030 initiatives, emphasizing growth in electric vehicles (EVs) with a target to recapture its number 2 position in the European BEV market. Management's guidance remains optimistic, projecting double-digit adjusted operating income margins for the remainder of the year, supported by solid free cash flow generation and strategic cost reductions, particularly in light of recent labor negotiations.
Key Performance Indicators
Revenue
45.59B
QoQ: -53.66% | YoY:-0.46%
Gross Profit
8.38B
18.39% margin
QoQ: -60.88% | YoY:-2.38%
Operating Income
4.64B
QoQ: -66.34% | YoY:-7.20%
Net Income
3.84B
QoQ: -64.88% | YoY:-13.19%
EPS
1.24
QoQ: -64.37% | YoY:-11.43%
Revenue Trend
Margin Analysis
Key Insights
- **Total Revenue:** EUR 45 billion (+7% YoY)
- **Net Income:** EUR 3.84 billion (+2% YoY)
- **Gross Profit Margin:** 18.4%
- **Operating Income:** EUR 4.64 billion (Operating Margin of 10.3%)
- **Earnings Per Share (EPS):** EUR 1.24