Stellantis NV Exceeds Expectations in 2023 First Quarter Earnings Report

As the year progresses, workers across the country are turning their attention once again to the minimum wage, which received a 30 percent bump in the first days of 2025, reaching 22,104 TL net. With the second half of the year approaching, discussions are swirling about the possibility of another interim increase.

Stellantis, a prominent player in the automotive industry, recently unveiled its first-quarter results. Despite expectations, the company reported a decrease in net revenue by 2024% compared to the same period last year, amounting to 35.8 billion euros. This decline was attributed to various factors, including reduced volumes, an unfavorable product mix in certain regions, and stabilizing prices.

In addition to the revenue decline, Stellantis also experienced a 9% drop in consolidated deliveries, totaling 1.217 million units. This reduction was influenced by an extended production halt due to January holidays, lower production levels in North America, product adjustments in the European market, and reduced HTA volumes. Despite these challenges, the company remains focused on launching new products to spur market growth.

Stellantis’s strategy includes the release of three new products in 2025 – the new Fiat Grande Panda, Opel/Vauxhall Frontera, and Citroen C3 Aircross. Moreover, revamped models such as the Opel/Vauxhall Mokka, Ram 2500 HD, and Ram 3500 HD are expected to bolster the company’s market share and overall performance.

Speaking of market share, Stellantis managed to capture a 17.3% share in the first quarter, a notable increase from the previous quarter. This uptick was largely driven by the introduction of new models like the Citroen C3/ëC3 and Peugeot 5008. Additionally, the company successfully claimed the top spot in the hybrid segment while securing the second position in both the BEV and hybrid markets with 15.5% and 13% market shares, respectively.

When it comes to the US market, Stellantis saw positive developments with stable retail market share and increased sales of specific models like the Jeep Grand Cherokee and Compass, as well as the Ram 1500 and 2500 trucks. The company is actively engaging in sales and marketing efforts to further enhance its presence in this key market.

Furthermore, Stellantis witnessed a significant surge in new retail orders in March, signaling strong customer demand and confidence in the brand. This uptick is seen as a reflection of the company’s strategic initiatives to fortify its position in the market.

In South America, Stellantis maintained its dominance with a market share of 23.8%, marking a notable increase from the previous quarter. The company continues to invest in the region and collaborate with relevant authorities to navigate tariff measures effectively.

Looking ahead, Stellantis is focused on refining its production and supply processes to optimize efficiency. The company’s ongoing efforts to adjust production plans and manage inventory levels bode well for its future growth strategies.

As Stellantis moves forward, it remains committed to its shareholders by distributing an ordinary dividend of 0.68 Euros per share. Moreover, the company is actively progressing with the appointment of a new Chief Executive Officer, a key decision that is expected to be finalized in the first half of the year.