Post by account_disabled on Feb 20, 2024 9:48:27 GMT
In the last five years, a decrease that does not correspond to the growth of the business. That is to say, the stock market not only does not reward them, but it does not recognize the value of the promoters. This lack of recognition has a great impact on the value of companies, which represents a barrier when carrying out possible concentration operations These operations are already carried out in other european countries and the sector demands them to achieve strong promoter representation in spain, something that becomes impossible if the current companies are listed on the stock market. That is why they would be considering leaving the stock market.Ste Country Email List llantis loses excuses in its blackmail to spain to obtain more aid by announcing its good results for 2023 . Investors applaud and the price rises more than 5%, after growth in income and sales, and achieving record profits . The automobile manufacturer, which emerged from the successful merger between the french psa and the italian-american fiat chrysler automobiles ( fca ) three years ago, has had revenues of 189.5 billion euros, 6% higher than in 2022, and partly , thanks to the increase in sales volumes by 7%, up to 6.2 million vehicles. Among these sales, the increases in low-emission vehicles (+27%) stand out, among which pure electric vehicles stand out (+21%) and the leadership in plug-in hybrids in the us.
Related stellantis, the fruit of the successful merger of psa and fiat chrysler: synergies far exceed the objective, increases net and operating profit, as well as income for its part, adjusted operating profit has increased by 1%, to 24.3 billion, which is why the strikes in the us (which also affected general motors and ford ) were little noticed throughout the year ; of course, in the second semester, these stoppages weighed down the operating result by 10%. Of course, the annual adjusted operating margin has dropped 60 points, from 13.4% to 12.8%, influenced by higher costs and growth in tax payments (3,793 million, 39% more). A decline that is soon forgotten, because net profit has grown by 11%, reaching a record of 18.6 billion. Stellantis has not only done well in the main magnitudes of the income statement, but also in cash generation: industrial free cash flow has risen 19%, to 12.9 billion; and available industrial liquidity has risen to 61.1 billion. Given the good scenario, it has announced that by 2023 it will distribute 6.6 billion in cash to shareholders through dividends and share buybacks , 53% more than the previous year: the ordinary dividend will grow by 16%, to 1.55 euros, if approved by the shareholders at the general assembly. Among these shareholders, the main one is exor , the investment holding company of the italian agnelli family (founder of fiat); followed by the french peugeot family , the french state, the chinese dongfeng and several investment funds. There will also be a 3 billion share buyback program this year.
And stellantis will not only reward the shareholders, but also the staff with a bonus of 1.9 billion. By 2023, it will distribute 6.6 billion in cash to shareholders through dividends and share buybacks, 53% more than the previous year: the ordinary dividend will grow by 16%, to 1.55 euros, if approved by shareholders “today's record financial results are proof that we have become a new global leader in our industry and we will remain rock solid as we look ahead to a turbulent 2024,” said ceo carlos tavares . “thanks to our flexible technology and product roadmap, we are prepared to address the various scenarios that could arise and continue to meet our dare forward 2030 objectives,” he added. In 2022, tavares earned too much (23.4 million) ... And in view of the record result in 2023, the figure may increase. Of course, we must not forget that the portuguese manager has warned that stellantis could take investments to morocco, if the spanish and italian governments do not help ; and at the same time, he has hit the nail on the head, like elon musk , by pointing out that “europe let chinese brands in without thinking about the consequences.” however, it is worth remembering that the group has already received aid, committed to bringing a new electrical platform for the vigo plant and could build a battery gigafactory in zaragoza. In this same aragonese province there is good news for its plant located in figueruelas , because it has been awarded a fifth model: the lancia ypsilon will join the opel corsa, the opel crossland, the citroën c3 aircross and the peugeot 308. In addition, it has reinforced the manufacturing of electric propulsion systems in tremery-metz (france), kokomo (indiana, usa) and szentgotthard (hungary), and of electrified dual-clutch transmissions in the mirafiori complex (italy). Related from german blackmail to italian and french.