Stellantis N.V: Initiation Of Coverage – Will Their Ambitious Electrification Strategy Yield Dividends? 

Stellantis has reported strong results in its Full Year 2023 Results, demonstrating the company’s high resilience even amid challenges. Stellantis’ CEO, Carlos Tavares reflected on the record net revenues, net profit, and free cash flow for the year, showing an increase of 6%, 11%, and 19% respectively. The CEO noted that Stellantis’ strategy is all about profitable growth. They accomplished this through a balanced growth approach, demonstrating record cash flow and steady margins. This approach necessary in an auto industry facing turbulence due to supply-chain issues, higher costs, and technological change.