This announcement, based on a press release statement, is part of Stellantis (NYSE:STLA)'s ongoing communication with its stakeholders and the financial community, providing transparency about its operations and performance. For a comprehensive analysis of Stellantis's financial health, which InvestingPro rates as GOOD, investors can access detailed metrics and expert insights through the platform's Pro Research Report, available for over 1,400 US-listed companies. For a comprehensive analysis of Stellantis's financial health, which InvestingPro rates as GOOD, investors can access detailed metrics and expert insights through the platform's Pro Research Report, available for over 1,400 US-listed companies.
Each of these financial updates will be accompanied by a webcast and conference call, details of which will be made available on the Investors section of the Stellantis corporate website. Additionally, the Annual General Meeting to approve the 2024 financial statements is set for April 15, 2025.
This announcement, based on a press release statement, is part of Stellantis's ongoing communication with its stakeholders and the financial community, providing transparency about its operations and performance. For a comprehensive analysis of Stellantis's financial health, which InvestingPro rates as GOOD, investors can access detailed metrics and expert insights through the platform's Pro Research Report, available for over 1,400 US-listed companies.
The dates provided are in line with Stellantis's practice of delivering quarterly financial information to the public and investors. In compliance with Borsa Italiana's regulations, Stellantis has indicated that any dividend related to the 2024 financial year would have its ex-date in April 2025, though this does not suggest any commitment to dividend distribution in 2025 or subsequent years.
This announcement, based on a press release statement, is part of Stellantis's ongoing communication with its stakeholders and the financial community, providing transparency about its operations and performance.
In other recent news, Stellantis experienced a significant leadership change with the sudden resignation of CEO Carlos Tavares. An interim committee, led by Chairman John Elkann, is temporarily overseeing the company's leadership. Despite the leadership change, Stellantis has reaffirmed its financial guidance for fiscal year 2024, which includes an adjusted operating income margin between 5.5% and 7.0%.
In terms of recent financial performance, Stellantis reported a 20% drop in third-quarter shipments and a 27% decrease in revenues. The company also faces potential tariffs proposed by the former U.S. administration, which could cost carmakers up to 17% of their combined annual EBITDA, according to S&P Global.
Stellantis is also grappling with a slowdown in European electric vehicle (EV) sales, with a significant drop in France and Italy. However, this was somewhat offset by an increase in hybrid-electric car registrations.
Stellantis is working on a multi-year product transition and announced a collaboration with Infineon Technologies AG (OTC:IFNNY) to enhance power conversion and distribution in electric vehicles. Bernstein and Evercore ISI have both given Stellantis a "Market Perform" and "In Line" rating respectively, reflecting the recent developments and challenges that the company is facing.
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