Financial Highlights of 2023:
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• Net Revenues: Stellantis saw its net revenues climb to €189.5 billion, a 6% increase from the previous year, driven by a 7% rise in consolidated shipment volumes.
• Net Profit: The net profit surged by 11% to reach €18.6 billion, reflecting the company's efficient cost management and strong market positioning.
• Adjusted Operating Income (AOI): The AOI rose modestly by 1% to €24.3 billion, with an AOI margin of 12.8%, underscoring the company's profitability in a competitive landscape.
• Industrial Free Cash Flows: Demonstrating financial resilience, Stellantis reported a 19% increase in industrial free cash flows to €12.9 billion.
• Shareholder Returns: In a significant move to reward its shareholders, Stellantis returned €6.6 billion in cash through dividends and share buybacks, marking a 53% increase from 2022.

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Operational Excellence & Strategic Milestones:
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• Electrification Leadership: Stellantis made remarkable progress in electrification, with LEV sales up by 27% in 2023. The company solidified its position with PHEVs ranking #1 in the U.S. and #2 for LEVs, alongside a 21% increase in global BEV sales.
• Sustainability Commitments: The company remains on track to achieve its carbon net-zero emission target by 2038, reducing its scope 1 and 2 absolute emissions by 20% compared to the baseline year of 2021.
• Innovation and Growth: Stellantis is set to launch 18 additional BEVs in 2024, expanding its total to 48 models by year-end, highlighting its commitment to electrification and innovation.
• Global Expansion: The investment in Leapmotor, a leading NEV OEM in China, signifies Stellantis's strategic move to capture growth in the Chinese market and beyond, demonstrating its global expansion strategy.

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2024 Outlook:
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Stellantis is optimistic about 2024, expecting a supportive revenue backdrop thanks to reduced supply and logistical constraints, stabilizing interest rates, and an expanded product offering. Despite macroeconomic uncertainties, the company reaffirms its commitment to achieving a double-digit AOI margin and positive industrial free cash flows.

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Conclusion:
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Stellantis's record-breaking performance in 2023 clearly indicates its resilience, strategic foresight, and operational efficiency. With a strong focus on electrification, sustainability, and global expansion, Stellantis is well-positioned to navigate future challenges and continue delivering value to its stakeholders.

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