Stellantis' net profit in 2024 decreased by 70% compared to the previous year, totaling €5.5 billion. Analysts anticipated this amount to be €6.4 billion, according to CNBC, citing information from the London Stock Exchange Group (LSEG). The company announced revenue of €156.9 billion, a decrease of 17% compared to 2023, alongside an adjusted operating profit margin of 5.5%. This represents the minimum point of the range that Stellantis mentioned in its prediction.
Stellantis anticipates a return to profit expansion in 2025. The firm expects revenue growth, adjusted profit growth in the “mid-single digits,” and positive free cash flow. Bloomberg highlights that Stellantis' future is uncertain due to low car demand in Europe and the risk of increased tariffs on imports to the U.S.
The agency states that the automaker has yet to bounce back from the 2024 issues that resulted in the dismissal of CEO Carlos Tavares in December. Currently, Stellantis is still searching for a replacement.
source: bloomberg.com
Stellantis anticipates a return to profit expansion in 2025. The firm expects revenue growth, adjusted profit growth in the “mid-single digits,” and positive free cash flow. Bloomberg highlights that Stellantis' future is uncertain due to low car demand in Europe and the risk of increased tariffs on imports to the U.S.
The agency states that the automaker has yet to bounce back from the 2024 issues that resulted in the dismissal of CEO Carlos Tavares in December. Currently, Stellantis is still searching for a replacement.
source: bloomberg.com
