US EditionStellantis beats estimates in first quarter as operating income tops $1 bln
Adjusted operating income nearly tripled to 960 million euros as expected U.S. tariff refunds offset weak cash flow.
- Stellantis reported a near-tripling of first-quarter adjusted operating income to 960 million euros on Thursday, reflecting a 194% increase from 327 million euros a year earlier.
- A U.S. Supreme Court ruling in February struck down some of President Donald Trump's tariffs, providing a boost of around 400 million euros in expected refunds to the automaker.
- North America was the only region posting positive adjusted operating income, with sales rising 4% in the United States, 15% in Canada, and 19% in Mexico versus last year.
- Milan-Listed shares fell around 7% on Thursday, while Oddo BHF analyst Michael Foundoukidis called results "more negative than expected," noting only 700 million euros in charges were accounted for.
- Stellantis CEO Antonio Filosa plans to unveil a new long-term business plan on May 21, expressing confidence that 10 new vehicles planned for 2026 will build on current momentum.
56 Articles
56 Articles
Stellantis CEO says Leapmotor venture a model for future China partnerships
Stellantis has a mutually rewarding partnership with China's Leapmotor which can be a model for future cooperation with other Chinese automakers, CEO Antonio Filosa said on Thursday. "We take this partnership as an example of what we can do with, for instance, (another) Chinese automaker," Filosa said in a call with journalists, after the Franco-Italian company presented its first quarter results. Stellantis teamed up with Leapmotor in 2023 when…
Stellantis is recovering its accounts in the first quarter of 2026 with 377 million euros of net profit and an increase in turnover. But the sanction is immediate on the stock exchange. The title drops by more than 8% in Paris. Investors consider the results less good than expected despite the promises of Antonio Filosa of a "sustainable and profitable growth".
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