Stellantis Reports Challenging 2024 Results, Eyes Stronger 2025

Stellantis has released its full-year 2024 financial results, reflecting a tough year for the global automaker with significant drops in revenue and profit. However, the company remains optimistic about returning to profitable growth and positive cash flow in 2025.

The company reported net revenues of €156.9 billion ($169.7 billion), a 17% decline compared to 2023. Consolidated shipment volumes fell 12%, largely due to gaps in product offerings and the completion of inventory reduction efforts. Net profit for the year was €5.5 billion ($5.95 billion), down 70% year-over-year, while adjusted operating income (AOI) fell 64% to €8.6 billion ($9.3 billion) with an AOI margin of 5.5%.

Stellantis also faced negative industrial free cash flow of €6 billion ($6.5 billion), primarily due to lower income and temporary working capital impacts from production adjustments. Total inventories dropped 18% or 268,000 units by year-end, with U.S. dealer stock falling 20% to 304,000 units—surpassing the company’s target of 330,000 units.

Despite these setbacks, Stellantis Chairman John Elkann remains positive: “While 2024 was a year of stark contrasts for the company, with results falling short of our potential, we achieved important strategic milestones. Stellantis’ dedicated and talented people are driving forward with energy and determination, engaging with key stakeholders and moving decision-making closer to our customers. We are firmly focused on gaining market share and improving financial performance as 2025 progresses.”

Stellantis has already begun a generational product portfolio transition with the launch of vehicles on its new STLA Medium and STLA Large platforms. The STLA Medium platform underpins models like the Peugeot E-3008, E-5008, and the new Opel Grandland, offering electric, hybrid, and plug-in hybrid options. Meanwhile, the STLA Large platform supports new models like the Dodge Charger Daytona, the Jeep® Wagoneer S, and upcoming Jeep Recon.

The company is also preparing to roll out the STLA Frame platform in 2025, starting with the highly anticipated Ram 1500 Ramcharger, which features innovative range-extending hybrid technology.

Stellantis continues to invest in artificial intelligence, partnering with Mistral AI to develop an advanced in-car assistant. The company also introduced STLA AutoDrive 1.0, an in-house automated driving system offering hands-free, eyes-off (SAE Level 3) functionality.

For 2025, Stellantis expects positive revenue growth, a mid-single-digit AOI margin, and a return to positive industrial free cash flow. The company plans to launch 10 new products and remains focused on strengthening relationships with suppliers, enhancing customer engagement, and expanding its market presence.

Stellantis proposed a dividend of €0.68 ($0.74) per common share, pending shareholder approval. Key dates include an ex-date of April 22, 2025, for Euronext Milan and Euronext Paris, and April 23, 2025, for NYSE. The payment date is set for May 5, 2025.