Stellantis said on Wednesday that it
closed 2024 with net revenues of 156.9 billion euros, down 17%
compared to 2023, with consolidated shipment volumes down 12%
"due to temporary gaps in product offerings, as well as
now-complete inventory reduction initiatives", according to a
statement.
The carmaker reported net profit of 5.5 billion euros, down 70%.
The Italian-American-French group's adjusted operating income
was 8.6 billion euros, down 64% with AOI margin of 5.5%.
Industrial free cash flows were negative for 6 billion
reflecting the decline in income and temporary enlarged working
capital impact due to production adjustments, Stellantis said.
The carmaker also adjusted financial estimates for 2025
forecasting a "positive net revenue growth, "mid-single digits"
AOI margin and "positive" industrial free cash flows, reflecting
both the early stage of the commercial recovery as well as
elevated industry uncertainties, according to the statement.
Stellantis said it is also planning to launch 10 new models.
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