Stellantis: 2025 margin target disappoints

(CercleFinance.com) - On Wednesday, Stellantis reported 2024 annual results in line with expectations and promised a return to profitable growth in 2025.
However, its margin target for this year disappointed investors, who punished the stock in early trading in Paris.

This morning the automotive group announced net sales of E156.9bn last year, down 17% on 2023.

Consolidated shipment volumes were down 12%, due to the temporary absence of certain models from its product offering and to measures taken to reduce inventory levels, which have now been completed.

As a result, net profit fell by 70% to E5.5bn for the year, while underlying operating income slumped 64% to E8.6bn, giving a margin of 5.5%.

Industrial FCF was negative at E6bn, against a backdrop of lower revenues and higher working capital due to production adjustments.

Stellantis expects a return to profitable growth and positive industrial FCF in 2025.

We remain committed to gaining market share and improving our financial performance through 2025, it said.

Pending the appointment of its new CEO, expected by the end of the first half of the year, Stellantis says it remains focused on executing our strategy.

However, the automaker said it was targeting a "single-digit" current operating margin, compared with the consensus figure of around 6%, which led to a sell-off in its share price at the start of the morning.

The Euronext Paris-listed share lost 4.4% at 9:30am, while the CAC 40 gained 0.4% at the same time.


Copyright (c) 2025 CercleFinance.com. All rights reserved.