Stellantis reports FY23 adjusted EPS EUR 6.42 vs. EUR 5.99 last year

Reports FY23 net revenue EUR 189.5M, up 6% vs. 2022. Net profit grew 11% to EUR 18.6B. Adjusted operating income rose 1% to EUR 24.3B, with AOI margin of 12.8%. CEO Carlos Tavares said: “As we just passed the three-year mark since Stellantis’ inception, I warmly thank our teams who are executing at the highest levels and contributing greatly to our growth story, even in the strongest of headwinds. Today’s record financial results are proof that we have become a new global leader in our industry and will remain rock solid as we look to a turbulent 2024. Thanks to our flexible technology and product roadmap, we are prepared to address the various scenarios that could arise and to continue delivering on our Dare Forward 2030 targets.”