Stellantis announced its financial data for the first quarter of 2024. The company saw a decrease in both revenues and shipments.
After the first months of 2024 ended, many companies around the world were sharing their financial data for the first quarter. Automobile giants were among them. Now, it includes many brands from Opel to Peugeot, from Fiat to Citroen. from Stellantis explanation came.
Stellantis shared how many vehicles it sold and how much revenue it earned in the first quarter. The data showed that both shipments and revenues decreased.
41 billion euros of revenue was generated
According to the statement, Stellantis will launch in the first three months of 2024. 41.7 billion euros managed to generate income. This means that revenues will be lower compared to the first quarter of 2023. around 12% It means it is decreasing. It was also below analysts’ expectations of 42.6 billion euros.
Stellantis’ consolidated deliveries compared to the same period in the previous year 1 million 335 thousand with a 10% decrease was also among the statements. Mixed shipments amounted to 1 million 371 units in the first three months. It was reported that electric car sales increased by 8%. While sales to customers did not change, it was reported that there was growth in some regions. Accordingly, a growth of 23% was seen in the Middle East and Africa and 6% in Europe.
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The company announced its plans for the whole year in the first quarter of 2024. out of 25 models He stated that he introduced four of them (18 of which are electric). He added that it will introduce more vehicles in the second half of the year and therefore expects to achieve significant growth and profitability. It was also stated that the decrease in shipments occurred due to preparations for the new product wave planned for the remainder of 2024.