STLA
Stellantis NV
Q4 2024 Report
Stellantis NV (STLA) Q4 2024 Financial Results: Navigating Challenges Towards Future Growth...
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Executive Summary
Stellantis NV reported its second quarter financial results for 2024 with total revenue of EUR 85.017 billion, marking a decrease of 14% compared to the previous year. The operating income stood at EUR 6.639 billion, reflecting a year-over-year decline of 3% and a significant 27.88% drop from Q1 2024. The company faced considerable headwinds including high R&D and CapEx expenditures, operational flaws, and ineffective marketing strategies, particularly in the North American market. However, the management is optimistic about a product blitz, rolling out 20 new models, which is expected to enhance competitive positioning and address current operational issues. Carlos Tavares, CEO, characterized the results as a 'disappointment' but emphasized the resilience of the team in resolving these issues and returning to profitability.
Key Performance Indicators
Revenue
85.02B
QoQ: -6.76% | YoY:72.85%
Gross Profit
15.20B
17.90% margin
QoQ: -9.04% | YoY:41.82%
Operating Income
6.64B
QoQ: -27.88% | YoY:-3.00%
Net Income
5.62B
QoQ: -26.70% | YoY:2.98%
EPS
1.91
QoQ: -23.29% | YoY:10.40%
Revenue Trend
Margin Analysis
Key Insights
- **Revenue**: EUR 85.017 billion, down 14% YoY
- **Gross Profit**: EUR 15.199 billion; Gross Margin: 17.9%
- **Operating Income**: EUR 6.639 billion; Operating Margin: 7.81%
- **Net Income**: EUR 5.624 billion; Net Margin: 6.62%
- **EPS**: EUR 1.91, down from EUR 2.49 in H1 2023