Stellantis sharply narrows quarterly loss as Europe grows and North America slips
The parent of Opel and Fiat posted a third-quarter loss of 453 million euros, down from 4.5 billion a year earlier. CEO Antonio Filosa reaffirmed guidance.
Archive image · Photo: Bruce The Deus / Wikimedia Commons, CC BY-SA 4.0 (cropped and resized)
Stellantis posted a third-quarter net loss of 453 million euros, compared with 4.53 billion euros a year earlier, the company said on Oct. 28. Revenue rose 1 percent to 37.6 billion euros, and adjusted operating income rose to 256 million euros, a margin of 0.7 percent. Industrial free cash flow remained negative at minus 4.0 billion euros.
Shipments fell 1 percent overall to 1.286 million vehicles. In North America they dropped 12 percent to 357,000, while in Enlarged Europe they rose 10 percent to 588,000. Electric passenger car sales in Europe rose 65 percent, Stellantis said, or 93 percent including models from Chinese partner Leapmotor.
CEO Antonio Filosa reaffirmed full-year guidance and said he expects positive industrial free cash flow in 2027. Stellantis said it aims to have implemented at least 40 percent of its 6 billion euro efficiency program by the end of the year.