Stellantis
The Stellantis group was created on 16 January 2021, following the merger of Groupe PSA and Fiat Chrysler Automobiles. Stellantis is one of the world’s major automotive manufacturers and has strong positions in Europe and North America.
With industrial activities in 30 countries and a commercial presence in more than 130 markets, Stellantis offers a comprehensive range of vehicles including luxury, mainstream and light utility vehicles, along with specialist brands in the fields of mobility, finance, spare parts and services.
- Stake in Stellantis
- 7.7 %
- Investment date
- 1890
In 2024
In 2024, Stellantis posted revenue of €157 billion, down 17%, impacted by volumes that were down 12% and a negative price/mix effect. Adjusted operating income totalled €8.6 billion, representing a consolidated margin of 5.5%. Free cash flow was negative at –€6 billion and net cash position of the group was €15 billion. A dividend of €0.68 per share will be put to the vote in the next General Meeting of shareholders.
For 2025, Stellantis expects positive revenue growth with a current operating margin of “one digit” and positive cash flow.
Following the resignation of Carlos Tavares at the end of 2024, the Board of Directors launched a process to recruit a new CEO.
Peugeot 1810's investment
The Peugeot SA automotive group was founded by the Peugeot family. Peugeot Invest bought PSA shares in PSA’s 2012 and 2014 rights issues and actively participated in the negotiations that led to its merger with FCA.
In accordance with the agreements signed in relation to the merger with FCA, Peugeot 1810 acquired a further 2.0% stake in PSA in 2020 when an equity swap transaction settled.
At 31 December 2024, Peugeot 1810 – which is 76.5%-owned by Peugeot Invest and 23.5%-owned by Établissements Peugeot Frères – held 7.7% of Stellantis’ equity and 11.9% of its voting rights.
Robert Peugeot is Vice-Chairman of the Stellantis Board of Directors and a member of its Remuneration Committee.
In accordance with commitments made in relation to the merger, PSA and FCA’s major shareholders (Exor, Peugeot 1810, Bpifrance and Dongfeng Motor) undertook not to sell any Stellantis shares for three years after the merger (i.e. until 16 January 2024). In addition, PSA and FCA’s major shareholders undertook not to increase their stakes in Stellantis shares for seven years after the merger (i.e. until 16 January 2028). As an exception to that undertaking, Peugeot 1810 may acquire a 1.5% stake in Stellantis from Dongfeng Motor or Bpifrance, or may buy Stellantis shares on the market to the same extent as any shares sold by Bpifrance to another counterparty.
The value of the shareholding in the Net Asset Value and the consolidated financial statements, is based on the share price at 31 December 2024.
Key figures
- Net cash in 2024
- € 15 bn