Stellantis N.V. (IT:STLAM) has released an update.
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Stellantis N.V. faced a 12% decline in net revenues and a 10% drop in shipments in Q1 2024 compared to the previous year, attributed to new product transitions and strategic inventory management. Despite these challenges, the company saw an 8% increase in global BEV (Battery Electric Vehicle) sales and confirmed a 16% hike in dividend, with a €3.0 billion share buyback plan on track. The company is preparing for a strong second half of the year with a new product wave, including 18 BEV models.
For further insights into IT:STLAM stock, check out TipRanks’ Stock Analysis page.
