Stellantis delivers record full-year 2022 results

Stellantis N.V. posted record full year 2022 results with net profit up 26% to €16.8 billion and Adjusted Operating Income (AOI) rising 29% to €23.3 billion, and demonstrated fast progress on Dare Forward 2030 as the company gained momentum on electrification, software development and vertical integration at a pivotal time for the industry.

Carlos Tavares, CEO of Stellantis commented: “In addition to our record financial results and the focused execution of the Dare Forward 2030 strategic plan, we also demonstrated the effectiveness of our electrification strategy in Europe. We now have the technology, the products, the raw materials, and the full battery ecosystem to lead that same transformative journey in North America, starting with our first fully electric Ram vehicles from 2023 and Jeep® from 2024. My deep appreciation to each and every employee, and our partners, for their contributions to a more sustainable future.”

Stellantis is already on pace to deliver on its Dare Forward 2030 strategic plan commitments, while working to preserve freedom of mobility. Launched in March 2022, Dare Forward 2030 is built upon three fundamental pillars that will lead the Company to achieve its financial ambition of doubling net revenues to €300 billion by 2030 (as compared to 2021), while sustaining double-digit AOI margins throughout the decade.

Care: Stellantis has the ambition to achieve carbon net zero by 2038 with an intermediate target of cutting carbon emissions in half by 2030(5), compared to 2021 levels. In 2022, the Company reduced its industrial and real estate (Scopes 1 and 2) carbon footprint by 11%.

Tech: Stellantis’ electrification push accelerated with a 41% increase in global battery electric vehicle (BEV) sales year-over-year, to 288,000 vehicles in 2022. With 23 BEVs now in market, the BEV portfolio will more than double to 47 by the end of 2024, supporting the target to have more than 75 BEVs globally and global BEV sales of 5 million by 2030.

Stellantis’ software advancements gained ground enabled by the deep partnerships with Amazon, Foxconn and Qualcomm, and with the acquisition of aiMotive, Stellantis enhanced its artificial intelligence and autonomous driving core technology.

The software growth strategy is on track to achieve its 2030 targets of €20 billion net revenues and ∼40% gross margin, as the business grew by 25% in 2022 vs. 2021.

Value: Stellantis prioritised its seven accretive businesses to complement its core business and achieved year-over-year growth.

All regions are growing and delivering record profitability. The “Third Engine” – Middle East & Africa, South America, and China and India & Asia Pacific – grew net revenues by 34% y-o-y and more than doubled its AOI contribution to €3.8 billion for 2022, making progress to achieve the target of more than 25% of the company’s global net revenues by 2030.

What Stellantis has demonstrated in its initial two years is just a glimpse of the impact the company expects to have on mobility ecosystems in the future.