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Stellantis posts record results for 2022

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After a first half that saw the Stellantis Group reach stratospheric levels, the Group confirms its excellent financial health for the whole of 2022, which has led to record results in terms of both turnover and profit, despite a very tense context.

Thanks to a turnover of 179.6 billion euros, an increase of 18% compared to 2021, the Stellantis group posted a profit of 16.8 billion euros, an increase of 26%, which allowed it to achieve a margin of 13%, a very high level for a car manufacturer worthy of premium brands, demonstrating the exceptional profitability of the group headed by Carlos Tavares.

Tavares declares "In addition to our record results and rigorous execution of our Dare Forward 2030 strategic plan, we have demonstrated the effectiveness of our electrification strategy in Europe. We now have the technology, products, raw materials and complete battery ecosystem to drive the same transformation in North America with our first all-electric Ram vehicles in 2023 and Jeep® in 2024. I sincerely thank all of our employees and partners for their contributions to a more sustainable future. "

Faced with an 8% drop in sales due to production and delivery problems, the Stellantis Group can therefore expect to perform even better than in 2021 thanks to its ability to increase prices to absorb the rise in raw materials without slowing down demand. In fact, Carlos Tavares points out that order books are full and that demand has exceeded supply since 2021, with component shortages blocking the group's factories' ability to produce. This situation should be reversed from the middle of this year, with demand falling below supply. Indeed, the impact of inflation and raw material cost increases should be weaker in 2023, and the problems of delivering vehicles to dealers should be resolved in the first half of the year, leading Carlos Tavares to announce: "It is normal that our pricing latitude is under pressure. With our order books full and the attractiveness of our new models, we have some time to adjust".

Two billion for employees

Thanks to its exceptional results, the Stellantis Group will return €2 billion to its employees worldwide, an increase of €200 million compared to 2021. The group's French employees will receive a bonus of €4,300 from April.

For Carlos Tavares, "Stellantis will distribute more than 2 billion euros to its employees worldwide, thanks to the record results achieved in 2022, thanks to the commitment and talent of its employees, whom I would like to thank sincerely. To share the fruits of our success, French employees will receive a minimum of €4,300, equivalent to 2.4 months' salary for the first levels of remuneration under the profit-sharing agreement signed by 80% of Stellantis' representative trade union organisations. This €4,300 comes on top of a €1,000 bonus and a 5.3% pay rise resulting from an agreement signed by 60% of the representative unions. All the wage measures implemented in France have been made possible thanks to the quality of the ongoing dialogue with our social partners".

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