Stellantis N.V. (NYSE:STLA) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET

Company Participants

Ed Ditmire - Head of Investor Relations
Doug Ostermann - Chief Financial Officer

Conference Call Participants

George Galliers - Goldman Sachs
Jose Asumendi - JPMorgan
Thomas Besson - Kepler Cheuvreux
Patrick Hummel - UBS
Bruno Dossena - Wolfe Research
Philippe Houchois - Jefferies
Stephen Reitman - Bernstein
Michael Jacks - Bank of America

Operator

Ladies and gentlemen, welcome to the Stellantis Third Quarter 2024 Shipments and Revenues Call. I will now hand you over to your host, Mr. Ed Ditmire, Head of Investor Relations at Stellantis. Mr. Ditmire, please go ahead.

Ed Ditmire

Thank you. Hello, everyone and thank you for joining us as we review Stellantis' Q3 2024 shipments and revenues. Earlier today in the presentation along with the press release were posted under the Investors section of the Stellantis Group website. Today our call is hosted by Doug Ostermann the company's Chief Financial Officer. After his presentation, Mr. Ostermann will be available to answer questions from the analysts.

Before we begin, I want to point out that any forward-looking statements we might make during today's call are subject to the risks and uncertainties mentioned in the Safe Harbor statement included on Page 2 of today's presentation. As customary, the call will be governed by that language.

Now, I would like to hand over the call to Doug Ostermann, CFO of Stellantis.

Doug Ostermann

Thank you, Ed. Hello, everyone. Thank you for joining. I'm excited to be talking with the investment community today. I'd like to take a quick moment to thank our CEO, Carlos Tavares; our Chairman John Elkann; and the Board of Directors for the opportunity to partner with the company's leadership team in addressing tough challenges and to accelerate our progress along our strategic road map.

I also want to take a moment to thank my predecessor Stellantis CFOs, Natalie Knight and Richard Palmer, both of whom I worked with closely and I'd like to thank them for the many things I learned from them. I look forward to engaging with many of you in the near future as well hearing your perspectives on Stellantis and discussing ways to unlock value. For today though, let's focus on our shipment and revenue figures for the third quarter of 2024.

The theme at the top of the page is Clearing the Path for 2025. And there's three important elements to the period I want to cover in detail today. First, the top line performance, in terms of revenue and shipments was difficult and certainly not where we want to be. But we're going to take some time to help you understand the significant impact that operational actions and developments brought in the period as well as where we're working on these improvements.