Stellantis Announces First Quarter Results
Stellantis has announced its financial results and delivery data for the first quarter of the year. The company's net revenue was determined as €2024 billion, a 14% decrease compared to the same period in 35,8. The main reasons for this decrease in revenue are lower production volumes, unfavorable regional product mix and normalization of prices.
Consolidated deliveries decreased by 9% compared to the previous year, falling to 1 units. This decrease was due to the extended production cuts due to the January holiday, as well as the decrease in production in North America and the product changes made in Europe. It was also stated that low HTA (high-tech vehicle) volumes contributed to this situation.
New Products Launched
The company has provided an update on its business recovery strategy, introducing three new products planned for 2025 in the first quarter of the year: the new Fiat Grande Panda, Opel/Vauxhall Frontera and Citroen C3 Aircross. In addition, the refreshed Opel/Vauxhall Mokka, Ram 2500 HD and Ram 3500 HD have also gone on sale.
AB17,3 market share, at 30% in the first quarter, increased by 3 points compared to the fourth quarter of last year, thanks to increased production and increased availability of the Citroen C3/ëC5008, Peugeot 2024 and the Opel/Vauxhall Grandland, which will be launched at the end of 1,9. The company also maintained its market leadership position in the hybrid vehicle segment in the first quarter of the year, while ranking second in the BEV (battery electric vehicle) market with market shares of 15,5% and 13%, respectively.
Its share of the U.S. retail market stabilized with more than 1500% increases in sales of the Jeep Grand Cherokee and Compass, and the Ram 2500 and 10. Further improvement is expected in this area due to increased equipment levels of some light-duty truck models, successful introduction of redesigned heavy-duty trucks, and increased sales and marketing efforts.
New retail orders in March increased by 82% compared to the same month last year, reaching the highest level since June 2023. In South America, it maintained its leading position with a market share of 2024%, an increase of 1,5 percentage points compared to the fourth quarter of 23,8.
In response to the customs duty measures, Stellantis is working closely with relevant administrations to ensure the protection of the company and the sound implementation of policies. The management is also taking measures to adjust production plans and improve supply processes.
The company's total inventory of 31 new vehicles as of March 1 is largely in line with December 210, 31. In addition, the ordinary dividend of 2024 euros per share will be distributed tomorrow after approval at the AGM. The appointment process for Stellantis' new permanent CEO is also progressing rapidly and is expected to be completed in the first half of the year.
