Stellantis (STLAM IM/STLAP FP) Q1 (EUR): Revenue 41.7bln (exp. 43.92bln), -12% Y/Y due to "volume, mix and foreign exchange headwinds, partly offset by firm net pricing"
- Shipments -10%, "reflecting production actions and inventory management to prepare for new product wave in H2 2024 compared with strong shipments in Q1 2023 to build inventory following a prolonged period of supply constraints"
- Global BEV sales +8%, LEV sales +13% Y/Y
- Ordinary FY dividend of 1.55/shr (exp. 1.56/shr) to be paid on May 3rd
- EUR 3.0bln buyback is on track for 2024 completion.
Guidance
- "...reiterating a minimum commitment of double-digit Adjusted operating income (AOI) margin in 2024, as well as positive Industrial free cash flow, despite macroeconomic uncertainties."
via Stellantis
Analysis details (07:07)
- Conference call scheduled for 13:00BST.
- Ahead, Investor Day - June 13, 2024; First Half 2024 Results - July 25, 2024; Third Quarter Shipments & Revenues - October 31, 2024
30 Apr 2024 - 07:01- - Source: Stellantis
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