- Stellantis NV STLA reported Revenue growth of 14% in Q1 FY23 compared to the previous year to 47.2 billion euros.
- Sales growth was fueled by higher shipments Semiconductor supply improved.
- Consolidated shipments of 1,476,000 units increased 7% year over year.
- Sales in North America and greater Europe increased 10% year over year and in the Middle East and Africa increased 55%.
- Global sales of battery electric vehicles (BEV) grew 22% year over year.
- also read: Stellantis plans to take over hourly workers to reduce costs
- The company intends to launch 9 more BEVs in 2023, and the total supply of BEVs is expected to reach 47 by the end of 2024.
- A dividend of €1.34 per share was approved at the Annual General Meeting, which is to be paid out to shareholders on May 4, 2023.
- Stellantis has initiated a €1.5 billion share buyback and the €500 million first tranche is expected to close in June 2023.
- Price promotion: STLA shares are trading down 1.78% at $16.04 on the latest premarket check Wednesday.
- Photo via company
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