This Wednesday, February 22, Stellantis announced that it had made 16.8 billion euros in net profits in 2022, an increase of 22%. 4.2 billion euros will be redistributed to shareholders, and 2 billion to employees. The CFDT denounces a redistribution less and less favorable to employees.
Record turnover, record profits, increased sales in many sectors… This Wednesday, February 22, Stellantis, a group born from the merger of Peugeot PSA and Fiat-Chrysler, announced that it had achieved excellent results in 2022. Figures which the management of the group is delighted, but which are welcomed by some of the employees with a touch of bitterness.
With 16.8 billion euros in net profit worldwide in 2022, an increase of 26% compared to the previous year, Stellantis exceeds management’s projections and expectations. The group’s communication this morning welcomed the savings made thanks to the synergies generated by the merger of PSA and Fiat-Chrysler, to the tune of 7.1 billion euros, when the company hoped to save 5 billion within two years. .
But, according to AFP, it is in particular the increases in sales prices that explain the good results of the company. The turnover of Stellantis is indeed up by 18%, to the tune of 179.6 billion euros.
While vehicle sales were more numerous in North America and the rest of the world, in Europe, they fell by 8% in units compared to 2021. While the group sold more hybrid and electric vehicles, top of the range and therefore more expensive, in the world, these very good results are also explained by a rise in prices which has enabled the company to maintain its margin.
The Stellantis group welcomed, in a second press release sent the same day, the increase in the sums redistributed to employees. The car manufacturer announces that around 2 billion euros will be distributed to employees as a reward for these results for the year 2022, or around 200 million more than last year.
In France, by adding up the various profit-sharing schemes addressed to employees, the minimum sum received by an employee of the group will therefore be 4,300 euros gross, or 3,882 euros net. The company specifies that it is 2.4 months of salary for the lowest levels.
A very unsatisfactory announcement for the unions. “We are disappointed” declared Benoit Vernier, union delegate, CFDT secretary on the company’s Sochaux Belchamp site, explaining that these 200 million, reduced to all the employees that the group has worldwide, would ultimately turn into an increase in the profit-sharing supplement of… 20 euros compared to last year, for employees at the lowest salary levels.
“20 euros more than last year when the results are what we know, the gesture is really disappointing” he annoys. “What bothers us is that management is widening the gap between employees and shareholders, to whom it is choosing to redistribute much more”.
This year, Stellantis plans to pay 1.34 euros in dividends per share, compared to 1.05 in 2021.