Easing supply chain problems and higher selling prices have boosted earnings at Opel’s parent company Stellantis. Net profit jumped by more than a quarter to 16.8 billion euros last year, the Italian-French group led by Carlos Tavares (64) announced on Wednesday. shares of Stellantis
rose by almost four percent in the morning before the market.
From this, 4.2 billion euros are to be distributed to the shareholders, which corresponds to a dividend of 1.34 per share. In view of the bulging coffers, the board of directors decided on a share buyback program of up to 1.5 billion euros, which is to be implemented by the end of the year.
4.2 billion flow to the shareholders
The cash inflow rose in view of the good business by 78 percent to 10.8 billion euros. For the current year, Stellantis once again forecast a double-digit operating return and a positive net cash flow from the industrial business.
According to data from the manufacturers’ association ACEA, the second-largest European car company had slightly increased deliveries in the EU in January, but lost almost two percentage points in market share to 18.6 percent.