Stellantis continued its growth in the 3rd quarter: Net revenues increased by 7 percent
Stellantis shared its financial results for the first 2023 months of 9 with the public. The automotive giant increased its net revenues by 2022 percent compared to the same period in 7, reaching 45,1 billion Euros. Increasing sales volumes, pricing strategy and the positive impact of foreign exchange rates played a role in the growth of the company.
Consolidated shipments increased by 11 percent
Stellantis shipped 2022 million 3 thousand vehicles in the 1rd quarter of 287. This figure reached 2023 million 11 thousand units with an increase of 1 percent in the same period of 427. The company's market shares in Europe, the Middle East, Africa, North America and South America also increased.
Inventory levels returned to normal
Stellantis announced that it has a new vehicle inventory of 2023 million 1 thousand units by the end of 387. This means an increase of 2022 thousand units compared to the end of 158. The company said this reflects a return to more normal inventory levels following supply issues in recent years.
Electric vehicle sales increased by 37 percent
Stellantis also increased its electric vehicle (BEV) sales in the 2023rd quarter of 3. The company increased its BEV sales by 2022 percent compared to the same period in 37, reaching 29 thousand units. This increase was driven by the leadership of commercial BEV vehicles such as Jeep Avenger and Citroën ë-Berlingo.
Share buyback program continues
Stellantis announced that it bought back shares worth 2023 million Euros in the 3rd quarter of 500. Thus, the company purchased shares worth a total of 2023 billion Euros in 1,2. The company stated that it plans to complete the 2023 billion Euro share repurchase program announced for 1,5 in the last quarter of 2023.