STLA - Stellantis Shares Take Off After Announcing New EV Launches Share Buyback Worth Billions & 16% Dividend Raise | Benzinga
Stellantis N.V. (NYSE:STLA) shares are rising in the premarket session on Thursday after the company reported its full-year 2023 earnings results.
The company reported full year 2023 net revenues of €189.5 billion, up 6% year over year, with consolidated shipment volumes increasing 7%.
The company reported adjusted diluted earnings per share of €6.42, up from €5.99. Net profit rose 11% to €18.6 billion, and Industrial free cash flows increased 19% y-o-y to €12.9 billion.
Global BEV sales are up 21% year over year, and LEV sales are up 27% year over year. Adjusted operating income margin fell 60 basis points to 12.8% in 2023.
The company opened its first Circular Economy Hub in Italy, creating a center of excellence aimed at industrializing the recovery ...