business / news / / Reuters
Adjusted earnings before interest and taxes (EBIT) at the Franco-Italian automaker stood at 960 million euros ($1.12 billion) in the January-March period.
Stellantis reported quarterly profit data for the first time since its 2021 merger.
KEY POINTS
- Adjusted EBIT in Q1 was 960 million euros, far exceeding analyst consensus of 568 million euros.
- Stellantis received a 400 million euro benefit from U.S. Supreme Court tariff refunds in Q1.
- Stellantis still expects industrial free cash flows to turn positive in 2025, not earlier.
- A new long-term business plan will be unveiled by CEO Antonio Filosa on May 21.
COMPANIES
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