On October 31, Stellantis Group released a financial report showing that it achieved net revenue of 33 billion euros in the third quarter, a year-on-year decrease of 27%. This was mainly due to a reduction in shipments, unfavorable structural differences, product pricing and foreign exchange. impact.
In the third quarter, the group’s shipments excluding its joint ventures were 1.148 million units, a year-on-year decrease of 20%. The group reiterated its 2024 full-year financial performance forecast updated on September 30: adjusted operating profit margin of 5.5% to 7.0%, and industrial free cash flow of negative 5 billion to negative 10 billion euros.
Stellantis Group stated that the transition period caused by product line upgrades and transformation and inventory reduction measures will cause the group's net revenue to decline year-on-year in the third quarter of 2024. The group's net revenue in the third quarter of 2024 fell 27% year-on-year in the third quarter of 2023. This was mainly due to a decrease in shipments, unfavorable structural differences, and the impact of product pricing and foreign exchange. In the third quarter of 2024, the group's shipments excluding its joint ventures were 1.148 million units, a year-on-year decrease of 20%.
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