Home Motoring Stellantis employees will receive a €2 billion bonus following record profit results

Stellantis employees will receive a €2 billion bonus following record profit results

by Dennis Mathu
0 comment

Stellantis achieved record results in 2022, with net revenues increasing by 18% to €179.6 billion and net profit increasing by an impressive 26 percent to €16.8 billion. Employees will share in the profits, as the company announced today that it plans to distribute more than €2 billion in profit-sharing and variable bonuses.

It is the highest profit-sharing bonus ever offered by the company, outstripping last year’s figure by €200 million. Stellantis, which operates 16 brands globally, including Jeep, Maserati, and Peugeot, will also pay out €4.2 billion in dividends, or €1.34 per share.

Financially, the company is in good shape, with €61.3 billion in available liquidity. By the end of the year, the company plans to launch a €1.5 billion share repurchase program.

Several milestones enabled these record numbers including Stellantis being number one in EU30 commercial battery electric vehicle (BEV) sales and second in EU30 overall BEV sales . At the same time, it leads the way in plug-in hybrid sales in the United States.

Stellantis intends to launch 9 EVs in 2023, adding to the existing 23 models that do not use a combustion engine. By late 2024, the electric lineup will include 47 vehicles, with the number expected to rise to more than 75 by the end of the decade.

You may also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

%d bloggers like this: