STELLANTIS DELIVERS RECORD NET REVENUES AND NET PROFIT FOR 2023
“ In 2011 , Stellantis was the first OEM to launch its industry-leading High Focus Programme ,” says Olvera . “ The scope of this programme is to support suppliers facing challenges in meeting their diverse spending goals by providing resources , mentorship and guidance .
“ This programme serves as a benchmark across the automotive industry , external councils and the diversity and inclusion footprint .”
The initiative is aimed at driving supplier diversity amongst Stellantis ’ Tier 1 suppliers . Those involved are failing to meet diverse spending goals and are given a dedicated plan to support their performance in spending with their own
Stellantis delivered some record results for the full year 2023 , including net revenues growing 6 % year-onyear to € 189.5bn ( US $ 206.5bn ), net profit increasing 11 % to € 18.6 billion ( US $ 20.3bn ) and industrial free cash flows improving 19 % year-on-year to € 12.9bn ( US $ 14.1bn ).
“ As we just passed the threeyear mark since Stellantis ’ inception , I warmly thank our teams who are executing at the highest levels and contributing greatly to our growth story , even in the strongest of headwinds ,” says Carlos Tavares , CEO at Stellantis . “ Today ’ s record financial results are proof we have become a new global leader in our industry and will remain rock solid as we look to a turbulent 2024 .”
procurementmag . com 83