Stelltis worker at work in the new hybrid and PHEV vehicles Stellantis Group Edct -Montagewerk on April 10, 2024 in Turin, Italy.
Stefano Guidi | Getty Images News | Getty pictures
On Wednesday, the crisis authentic votant returned on Wednesday that after a severe decline in profit around 2024, sales growth will return.
The Mutinational conglomerate, which has household names such as Jeep, Dodge, Fiat, Chrysler and Peugeot, achieved a net profit of 5.5 billion euros ($ 5.77 billion) in 2024 of 18.6 billion euros in 2023 70%.
According to an LSEG-compiled consensus, analysts with a net profit of the year 2024 expected to be 6.4 billion euros.
Stellantis said that in 2025 she will return to profitable growth and positive generation of money, which reflects the early stage of commercial relaxation and increased uncertainties in the industry.
The results come when the company was looking for a new managing director after the abroad of Carlos Tavares at the end of last year.
Stellantis said it was expected to name a successor in the first half of this year, with the chairman John Elkann leading an interim executive committee until the position is filled.
Other income highlights:
- The net turnover landed at 156.9 billion euros, which was 17% the previous year
- Adjusted operating result range of 5.5%at the lower end of the updated financial guidelines of the company
“During 2024, a year contrast for the company, although the results of our potential did not exist, we have achieved important strategic milestones,” said Elkann in a explanation that accompanied the results.
“In particular, with the introduction of new Multi-Energy platforms and products that were continued in 2025, we started the production of EV batteries through our JVS and launched the international partnership of Lesp engine,” he added.
Elkann said that the company was “firmly concentrated” to win the market share and the improvement of financial performance by 2025.
The shares of the company listed by Milan have increased by over 7% since the year.
Like many of his colleagues in the past few months, the automobile manufacturer has become a series of challenges, including North American performance problems, a global decline in demand for new cars and difficulties on the world's largest car market.
Stellantis made a winning warning in September and warned in the second half of 2024 of the expected sales “in most regions”.
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