Stellantis Delivers Record Full Year 2022 Results; Global BEV Sales Up 41%

  • Net revenues of €179.6 billion, up 18% compared to 2021 Pro Forma(1) reflecting strong net pricing, favorable vehicle mix and positive FX translation effects
  • Net profit of €16.8 billion, up 26%(1)
  • Adjusted operating income(2) up 29%(1) to €23.3 billion, with 13.0% margin, exceeds 2030 target of >12%; all segments contributing to both top and bottom line growth
  • Industrial free cash flows(3) of €10.8 billion, up 78%(1), showing early progress toward 2030 objective of >€20 billion
  • Net cash synergies of €7.1 billion, more than two years ahead of €5.0 billion annual steady state target
  • Strong balance sheet, with Industrial available liquidity at €61.3 billion
  • No. 1 EU30 Commercial Vehicles BEV sales, No. 2 EU30 Overall BEV sales, No. 1 U.S. PHEV sales
  • First U.S. BEV, Ram ProMaster, arrives 2023
  • 23 BEV nameplates now in market, 9 additional BEVs in 2023
  • €4.2 billion ordinary dividend corresponding to €1.34 per share to be paid, subject to shareholder approval
  • Board approved program to buyback company shares for a value of up to €1.5 billion, to be executed in the open market by end 2023

All financial comparisons are to FY 2021 Pro Forma(1)

AMSTERDAM, February 22, 2023 – Stellantis N.V. posted record full year 2022 results with €16.8 billion Net profit and

€23.3 billion Adjusted Operating Income (AOI), and demonstrated fast progress on Dare Forward 2030 as the Company gained momentum on electrification, software development and vertical integration at a pivotal time for the industry.

“In addition to our record financial results and the focused execution of the Dare Forward 2030 strategic plan, we also demonstrated the effectiveness of our electrification strategy in Europe. We now have the technology, the products, the raw materials, and the full battery ecosystem to lead that same transformative journey in North America, starting with our first fully electric Ram vehicles from 2023 and Jeep® from 2024. My deep appreciation to each and every employee, and our partners, for their contributions to a more sustainable future.”

LogoLesley Sutton
Public Relations Manager
Office: +27 82 570 7711

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