Stellantis: Record Sales & 3B Euro Buyback in 2023

Stellantis Announces Record Sales and Buyback Program in 2023

In a year marked by a challenging global economic landscape, Stellantis, a leading multinational carmaker, has announced a remarkable financial performance for 2023, culminating in a buyback plan worth 3 billion euros. Despite facing a slowdown in the latter half of the year, the company's robust strategy and diverse portfolio have propelled it to new heights, with net revenue escalating to an impressive EUR189.54 billion, a 6% increase from the previous year. This figure slightly overshadows the projections made by industry analysts, who had pegged the sales to be around EUR189.92 billion.